In Washington, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released guidance on the Clean Fuels Production Credit (section 45Z) last Friday. Section 45Z provides a tax credit for the production of transportation fuels with lifecycle greenhouse gas (GHG) emissions below certain levels. The credit is in effect in 2025 and […]
In Washington, the Department of Treasury and Internal Revenue Service issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit. The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property. The changes apply to qualified alternative fuel vehicle refueling property placed in service after Dec. 31, 2022, […]
In Washington, with its December 22 Notice of Public Rulemaking (NPRM), Treasury and IRS have proposed guidance for claiming the 45V Clean Hydrogen Production Tax Credit established under last year’s Inflation Reduction Act. The move is part of the administration’s broader efforts to support hydrogen and other technologies that will enable the U.S. to cut […]
