Area 45V will bring an income tax credit towards the production of licensed brush hydrogen
step 1. Amount of Credit
Having purposes of section 38 of the Password, part 45V(a) will bring that clean hydrogen design borrowing for the taxable year are a price comparable to this product off (i) the newest kilograms out-of qualified clean hydrogen created by the fresh new taxpayer through the such as for instance taxable season at the a qualified clean hydrogen production studio while in the brand new ten-12 months period birth to your date such as for example facility is actually to start with place operating, and you will (ii) the fresh appropriate number since computed below area 45V(b) in terms of such as for example hydrogen.
Section 45V(b)(1) will bring that, having reason for part 45V(a)(2), the new relevant matter was a price equal to this new relevant commission away from $0.sixty.