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Carper Statement on Treasury's Proposed Guidance for Clean Hydrogen Tax Credit

Statement

Date: Dec. 22, 2023
Location: Washington, D.C.
Issues: Taxes Energy

"The development of the U.S. clean hydrogen industry is critical to reducing greenhouse gas emissions, meeting our nation's climate goals, and creating good-paying jobs across America.While I applaud the Biden Administration's work to advance clean hydrogen, I fear that this proposed rule may well miss the mark. When developing the Inflation Reduction Act, we intended for the clean hydrogen incentives to be flexible and technology-neutral. Treasury's draft guidance does not fully reflect this intent, potentially jeopardizing the clean hydrogen industry's ability to get off the ground successfully. Fortunately, the Biden Administration has made it clear that there will be opportunities in the days ahead to revise the rule. Without meaningful changes, I will find it difficult to support the final rule."


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