Summary of the Provisions of the Inflation Reduction Act of 2022 Relating to Hydrogen

Our knowledgeable tax and energy lawyers are pleased to share their detailed analysis of the new hydrogen production tax credit (Hydrogen PTC) in Internal Revenue Code Section 45V. This summary includes insights on:

• calculation of the Hydrogen PTC
• the impact of qualified clean hydrogen produced at a facility that includes carbon capture equipment
• the interplay with the hydrogen investment tax credit (Hydrogen ITC)
• elections for direct payment of the Hydrogen PTC and Hydrogen ITC, and when those credits may be transferred for cash in non-taxable transactions

Please fill out the form to the right to view Bracewell’s exclusive Summary of the Provisions of the Inflation Reduction Act of 2022 Relating to Hydrogen.