Taxpayer makes a legitimate election less than section forty-eight(a)(15)(C)(ii)(II) with regards to Facility X for the the Federal tax come back towards nonexempt year 2023
(vi) Ideas storage. In addition to the recordkeeping conditions set forth from inside the section (g) of this point, the brand new taxpayer must maintain the yearly confirmation report for at least half a dozen age pursuing the deadline, having extensions, getting filing new Federal taxation go back into taxable 12 months where in actuality the hydrogen in the process of confirmation was brought.
Appropriately, the latest recapture number on the taxable 12 months off an emissions level recapture experience lower than paragraph (f)(2)(i) otherwise (iii) is 20% of point 48 borrowing from the bank allowed to the taxpayer having such as specified clean hydrogen production facility
(f) Recapture -(1) As a whole. To own purposes of area forty-eight(a)(15)(E), in every taxable year of your own recapture period given during the paragraph (f)(3) of this point where a pollutants tier recapture knowledge (just like the discussed inside the section (f)(2) in the area) happen, this new taxation implemented into the taxpayer less than section one of the Code to your nonexempt 12 months of your own pollutants level recapture experience was improved by the recapture count specified into the paragraph (f)(4) of the part.
