,,ii  #aag? ,,congress  #a/ ,session    
,s4 #ajag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #be1 #bjba,mr4    
,he9ri* introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to e/abli% a tax  
cr$it = ! production ( hydrog5 us+      
electricity produc$ f r5ewable en]gy    
res\rces4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,clean ,hydrog5 ,production
 ,inc5tives ,act ( #bjba4  #b4 ,clean   
hydrog5 production cr$it  7a7 ,9 g5]al  
,subp>t ,d ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new section3  #de,u4 ,clean hydrog5    
production cr$it  7a7 ,am\nt ( cr$it ,= 
purposes ( section #ch1 ! clean hydrog5 
production cr$it = any taxable ye> is an
 am\nt equal to ! product (-- 7#a7 !    
applicable am\nt1 multipli$ by  7#b7 !  
kilograms ( clean hydrog5-- 7,a7 produc$
 by ! taxpay] at a qualifi$ facility    
dur+ ! #aj-ye> p]iod beg9n+ on ! date ! 

facility 0 orig9ally plac$ 9 s]vice1 &  
7,b7 sold by ! taxpay] to an unrelat$   
p]son dur+ ! taxable ye>4  7b7          
,applicable am\nt ,= purposes (         
subsection 7a77#a71 ! applicable am\nt  
%all be an am\nt equal to-- 7#a7 9 !    
case ( any facility ! con/ruction ( :i* 
beg9s be=e ,janu>y #a1 #bjbe1 #c4jj1    
7#b7 9 ! case ( any facility !          
con/ruction ( :i* beg9s aft] ,decemb]   
#ca1 #bjbd1 & be=e ,janu>y #a1 #bjbf1   
#b4dj1  7#c7 9 ! case ( any facility !  
con/ruction ( :i* beg9s aft] ,decemb]   
#ca1 #bjbe1 & be=e ,janu>y #a1 #bjbg1   
#a4fj1 &  7#d7 9 ! case ( any facility !
 con/ruction ( :i* beg9s aft] ,decemb]  
#ca1 #bjbf1 #j4  7c7 ,clean hydrog5     
7#a7 ,9 g5]al ,= purposes ( ?is section1
 ! t]m clean hydrog5 means hydrog5      
produc$-- 7,a7 us+ an electrolyz] = :i* 
! electricity us$ is produc$ f qualifi$ 
r5ewable en]gy res\rces1 or  7,b7 by any
 o!r process :i* has be5 det]m9$ by !   
,secret>y 79 consultation ) ! ,secret>y 
( ,en]gy7 to h a rate ( c>bon dioxide   

emissions p] kilogram ( hydrog5 produc$ 
:i* is equal to or l[] ?an su* rate =   
su* production f ! process describ$ 9   
subp>agraph 7,a74  7#b7 ,qualifi$       
r5ewable en]gy res\rces ,= purposes (   
?is subsection1 ! t]m qualifi$ r5ewable 
en]gy res\rces means-- 7,a7 w9d1  7,b7  
sol> en]gy1  7,c7 geo!rmal en]gy 7z     
def9$ 9 section #de7;c77#d771  7,d7 m>9e
 & hydrok9etic r5ewable en]gy 7z def9$ 9
 section #de7;c77#aj771  7,e7 hydrop[]1 
7,f7 nucle> en]gy1 &  7,g7 any o!r      
r5ewable en]gy res\rce t produces       
electricity )\t ! use ( fossil fuels 7z 
det]m9$ by ! ,secret>y1 9 consultation )
 ! ,secret>y ( ,en]gy74  7d7 ,qualifi$  
facility ,= purposes ( ?is section1 !   
t]m qualifi$ facility means a facility  
own$ by ! taxpay] :i* is us$ = !        
production ( clean hydrog54  7e7        
,special rules ,rules simil> to ! rules 
( p>agraphs 7#a71 7#c71 7#d71 & 7#e7 (  
section #de7;e7 %all apply = purposes ( 
?is section4  4  7b7 ,con=m+ am5dm5ts   
7#a7 ,section #ch7;b7 ( ! ,int]nal      

,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 
p>agraph 7#cb71 by /rik+ plus at ! end1 
7,b7 9 p>agraph 7#cc71 by /rik+ ! p]iod 
at ! end & ins]t+ 1 plus1 &  7,c7 by    
add+ at ! end ! foll[+ new p>agraph3    
7#cd7 ! clean hydrog5 production cr$it  
det]m9$ "u section #de,u7a74  4  7#b7 ,!
 table ( sections = subp>t ,d ( "p ,,iv 
( sub*apt] ,a ( *apt] #a ( su* ,code is 
am5d$ by add+ at ! end ! foll[+ new     
item3  ,sec4 #de,u4 ,clean hydrog5      
production cr$it4  4  7c7 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to facilities orig9ally plac$
 9 s]vice aft] ,decemb] #ca1 #bjbj4