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Tax Credits for Hydrogen Electricity Production: Supporting Clean Energy.

This act amends tax laws to encourage electricity production from hydrogen. Companies generating power from low-carbon hydrogen may receive tax credits. This aims to support the development of clean energy sources and reduce air pollution.
Key points
Companies producing electricity from low-carbon hydrogen can receive tax credits.
Support applies to both new and existing facilities adapted for hydrogen electricity production.
The goal is to promote clean energy and reduce environmental impact, potentially leading to cleaner air for citizens.
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Additional Information
Print number: 117_S_1266
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2021-04-21