Section 45V brings a tax borrowing into the creation of licensed clean hydrogen
step one. Quantity of Borrowing
Having purposes of point 38 of one’s Password, part 45V(a) provides that the clean hydrogen production borrowing from the bank when it comes down to nonexempt 12 months is a price equal to the product away from (i) the kilograms out-of licensed clean hydrogen produced by the fresh taxpayer while in the such as nonexempt season on a qualified brush hydrogen creation facility throughout the latest ten-season period delivery to the go out like facility try originally place in-service, and you can (ii) the new applicable matter while the calculated lower than section 45V(b) when it comes to such as hydrogen. Read more
