🏭Regulatory Relief for Taconite Iron Ore Processing Proclamation
The proclamation addresses regulatory relief for taconite iron ore processing facilities by exempting them from new emissions standards for two years. This aims to preserve domestic production capabilities vital for national defense and industrial supply chains, acknowledging the need for viable emissions control technology before compliance.
Learn More⚡Analysis of Clean Hydrogen Production Credit Regulations 2023
This document contains final regulations implementing the credit for production of clean hydrogen and certain provisions of the energy credit as enacted by the Inflation Reduction Act of 2022. The regulations provide rules for: determining lifecycle greenhouse gas emissions rates resulting from hydrogen production processes; petitioning for provisional emissions rates; verifying production and sale or use of clean hydrogen; modifying or retrofitting existing qualified clean hydrogen production facilities; using electricity from certain renewable or zero-emissions sources to produce qualified clean hydrogen; and electing to treat part of a specified clean hydrogen production facility instead as property eligible for the energy credit. These regulations affect all taxpayers who produce qualified clean hydrogen and claim the clean hydrogen production credit, elect to treat part of a specified clean hydrogen production facility as property eligible for the energy credit, or produce electricity from certain renewable or zero-emissions sources used by taxpayers or related persons to produce qualified clean hydrogen.
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