article thumbnail

IRS seeks feedback on clean hydrogen production tax credit

Green Car Congress

The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These include: Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z) ( Notice 2022-58 ).

article thumbnail

US Representatives Introduce Bill to Extend Ethanol Excise Tax Credit and Tariff

Green Car Congress

Volumetric Ethanol Excise Tax Credit (VEETC), commonly called the blenders’ credit, and the secondary tariff on imported ethanol until 31 December 2015. It would also extend the Small Producers Tax Credit and the Cellulosic Ethanol Production Tax Credit to 1 January 2016.

article thumbnail

Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels

Green Car Congress

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

article thumbnail

$12,500 EV Tax Credit included in revised Biden Build Back Better plan

Teslarati

However, EV enthusiasts are interested in the potential reintroduction of the EV tax credit, which is set to increase to a possible payout of $12,500 per electric car from the previous $7,500. The EV tax credit has been speculated upon since early 2021 as the terms of the incentive were still in the early stages of being determined.

article thumbnail

Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. The post Tesla Semi will be incredibly affordable with US’ revamped EV tax credit appeared first on TESLARATI.

article thumbnail

Enphase Energy introduces US-made solar solutions that qualify for up to 50% in tax credits

Electrek

Solar and battery systems provider Enphase Energy has introduced new residential and commercial products made in the United States that will help bolster the percentage of available federal tax credits available to customers installing the tech.

article thumbnail

Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.