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Proposed Clean Hydrogen Guidance: Limitations On Credit Availability For Green Hydrogen Projects And Paths Forward - Renewables

Guidance recently issued by the Department of the Treasury and the Internal Revenue Service (IRS) in proposed regulations (REG-117631-23) will (if held to be final) have a significant impact on green hydrogen projects in the United States.
New York United States Energy Attribute Certificates Clean Hydrogen Department Of Energy Revenue Service
Source: mondaq.com

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IRS will start simplifying its notices to taxpayers as agency continues modernization push

The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English. The federal tax collector is rewriting and sending out commonly received notices ahead of the 2024 tax filing season as part of its new “Simple Notice Initiative." “Redesigned notices will be shorter, clearer and easier to understand," Treasury Secretary Janet Yellen said on a Tuesday call with reporters to preview the initiative.
United States Janet Yellen Daniel Werfel Simple Notice Initiative Notice Initiative Secretary Janet Yellen
Source: yahoo.com

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