The IRS rejected pleas for changes from the hydrogen industry and doubled down on its treatment of fuel cells as a combustion or gasification technology in the final clean electricity tax credit rules.
The IRS and Treasury Department this week finalized the rules for sections 45Y and 48E clean electricity production and investment credits. The credits, created by the Democrats’ 2022 tax-and-climate law, aim to encourage any technology that produces electricity with zero greenhouse gas emissions and are often referred to as tech-neutral credits.
The final rules kept a distinction between technologies that use combustion and gasification and those that ...
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