IRS Seeks Comments on Upcoming Energy Guidance. Comments are due 12/3.
IRS Seeks Comments on Clean Hydrogen Production (45V) and Clean Fuel Production (45Z), Carbon Oxide Sequestration (45Q), and Qualified Commercial Clean Vehicles and Alternative Fuel Vehicle Refueling Property Credit (45W and 30C)
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These include:
Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z)
Credit for Carbon Oxide Sequestration(45Q)
Credit for Qualified Commercial Clean Vehicles and Alternative Fuel Vehicle Refueling Property Credit (45W and 30C)
These notices provide an opportunity for the public to give feedback on how to implement these tax incentives, which have the potential to rapidly accelerate the deployment of clean energy in the United States.
Written comments should be submitted by Saturday, December 3, 2022. Consideration will be given, however, to any written comment submitted after December 3, 2022, if such consideration will not delay the issuance of guidance.
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