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US finalises new rules that will allow clean hydrogen producers to sell tax credits
Measure will help developers secure financial backers and keep costs down, says Treasury Department
Rachel Parkes 26 April 2024

The US government has today (Friday) finalised a rule that will allow producers of clean hydrogen to sell tax credit subsidies to other taxpayers in exchange for cash, which officials say will help developers secure financial backers and speed up the pace of development.

The new transferability rule — one of two options now available for monetising tax credits — drawn up by the Department of the Treasury and the Internal Revenue Service (IRS, the federal tax authorities), will apply to producers eligible for 11 different tax credit subsidies across the Inflation Reduction Act, including the 45V production tax credit for clean hydrogen.
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https://www.hydrogeninsight.com/policy/us-finalises-new-rules-that-will-allow-clean-hydrogen-producers-to-sell-tax-credits/2-1-1634016