Hydrogen Utilization and Sustainability Act This bill expands the tax credit for producing electricity from renewable resources to include qualified hydrogen. The bill defines qualified hydrogen as hydrogen fuel certified as having a carbon intensity of not greater than 75 grams of CO2e (carbon dioxide equivalent) per kilowatt hour of electricity produced, as determined based on a lifecycle analysis.
Read twice and referred to the Committee on Finance.
Taxation
Air qualityAlternative and renewable resourcesClimate change and greenhouse gasesElectric power generation and transmissionIncome tax credits
Hydrogen Utilization and Sustainability Act
USA117th CongressS-1266| Senate
| Updated: 4/21/2021
Hydrogen Utilization and Sustainability Act This bill expands the tax credit for producing electricity from renewable resources to include qualified hydrogen. The bill defines qualified hydrogen as hydrogen fuel certified as having a carbon intensity of not greater than 75 grams of CO2e (carbon dioxide equivalent) per kilowatt hour of electricity produced, as determined based on a lifecycle analysis.