S 1807 · 117th Congress · Taxation
Clean H2 Production Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2021-05-25)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only