IRS Issues Corrections on Hydrogen Tax Credit Proposed Rules

The IRS issued a list of corrections to a notice of proposed rulemaking on hydrogen production credits and the energy tax credit, amending language throughout the document.

The Friday notice [REG-117631-23] includes nearly 90 tweaks to the proposed rules, including amending language to more accurately reflect the intention of the notice as well as fixes to grammar, style, and footnotes.

• The Treasury Department proposed the rules in December, imposing power sourcing and other requirements that were seen as a win for environmental groups.
• The proposed rules, under tax code Section 45V, have been subject to intense lobbying and ...