Plug Power Inc (PLUG)

[B_B!]

The Clean Vehicle Tax Credit took exactly 4 months from “public comments” (January 3, 2024) to “final regulations” (May 3, 2024).
But with the 45V there was a second public consultation until 13 May (first consultation was until 26 February).


Developers and members of the public now have until 13 May to comment on the new PER proposals.

This means that it is highly unlikely that the controversial 45V regulations will be finalised until after this new consultation ends and is analysed by government officials — suggesting that regulations are unlikely to be finalised until June at the earliest.

Could newly announced public consultation on US hydrogen tax credits delay their roll-out?
12 April 2024
https://www.hydrogeninsight.com/policy/could-newly-announced-public-consultation-on-us-hydrogen-tax-credits-delay-their-roll-out-/2-1-1626130


Written or electronic comments must be received by February 26, 2024. The public hearing on these proposed regulations is scheduled to be held on March 25, 2024, at 10 a.m. (ET).

Section 45V Credit for Production of Clean Hydrogen; Section 48(a)(15) Election To Treat Clean Hydrogen Production Facilities as Energy Property
A Proposed Rule by the Internal Revenue Service on 12/26/2023
https://www.federalregister.gov/documents/2023/12/26/2023-28359/section-45v-credit-for-production-of-clean-hydrogen-section-48a15-election-to-treat-clean-hydrogen

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On May 3, 2024, the U.S. Department of Treasury (Treasury) and Internal Revenue Service (IRS) released final regulations regarding the clean vehicle tax credits for electric vehicles (EV) under Section 30D (Section 30D Credit) of the Internal Revenue Code of 1986, as amended (the “Code” and “Final Regulations”)1.

U.S. Treasury Releases Final Electric Vehicle Tax Credit Regulations
May 10, 2024
https://www.sidley.com/en/insights/newsupdates/2024/05/us-treasury-releases-final-electric-vehicle-tax-credit-regulations


Request for public feedback
The DOE proposed rules are open for public comment until January 3, 2024.

New Details on the Section 30D Clean Vehicle Tax Credit's Foreign Entity of Concern Restrictions
14 December 2023
https://www.whitecase.com/insight-alert/new-details-section-30d-clean-vehicle-tax-credits-foreign-entity-concern-restrictions