Clean H2 Production Act This bill provides tax incentives for the production of clean hydrogen and for investment in clean hydrogen production facilities. Specifically, it allows a new business-related tax credit for the production of specified amounts of qualified clean hydrogen. The bill defines qualified clean hydrogen as hydrogen that is produced through a process that, as compared to hydrogen produced by steam-methane reforming of nonrenewable natural gas, achieves a percentage reduction in life cycle greenhouse gas emissions that is not less than 50%. The bill also expands the energy tax credit to include clean hydrogen production facilities.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Air qualityAlternative and renewable resourcesBusiness investment and capitalClimate change and greenhouse gasesEmployment and training programsGovernment information and archivesIncome tax creditsInflation and pricesLabor standardsWages and earnings
Clean H2 Production Act
USA117th CongressS-1807| Senate
| Updated: 5/25/2021
Clean H2 Production Act This bill provides tax incentives for the production of clean hydrogen and for investment in clean hydrogen production facilities. Specifically, it allows a new business-related tax credit for the production of specified amounts of qualified clean hydrogen. The bill defines qualified clean hydrogen as hydrogen that is produced through a process that, as compared to hydrogen produced by steam-methane reforming of nonrenewable natural gas, achieves a percentage reduction in life cycle greenhouse gas emissions that is not less than 50%. The bill also expands the energy tax credit to include clean hydrogen production facilities.
Air qualityAlternative and renewable resourcesBusiness investment and capitalClimate change and greenhouse gasesEmployment and training programsGovernment information and archivesIncome tax creditsInflation and pricesLabor standardsWages and earnings