Motor Fuels Tax Minute – Episode 46: Stacking Credits

May 7, 2024
MarketScale

In this week’s episode of Motor Fuels Tax Minute, our hosts touch on the stacking credits as it relates to the Inflation Reduction Act.

 

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Detailed Description of Weaver’s Motor Fuels Tax Minute, Episode 46

00:00:00
Emilda: Welcome to Weaver’s Motor Fuels Tax Minute, the vlog where we talk all things motor fuel. This week, Leanne will be touching a little bit on the stacking credits as it relates to the Inflation Reduction Act.

00:00:14
Leanne: That’s right, Emilda. If you’ve watched any of our Energy Evolutions podcasts or read any of our blogs, you’ll see that we talk about this all the time. And it’s a question that keeps coming up. Can I get my 45Z clean fuel production credit, and my 45V hydrogen production credit, and my 45Q carbon sequestration credit, and possibly even a 48C investment tax credit? The answer generally is no. The credits cannot be stacked within the same entity and the same bit of steel. There are a few caveats to that. We’re more than happy to, it would take a long time to go through it, and we’re more than happy to discuss it with anybody who’s interested. But the general rule is that credits cannot be stacked.

So, if you are looking into Inflation Reduction Act credits, please reach out to us and we can help you navigate which ones might be best for you.

00:01:09
Kelly: Well, that was probably disappointing news for some of our viewers that also probably saved them some time instead of trying to go down that route only to find it’s not successful. So, thank you, Leanne, for another great update.

And that was this week’s Motor Fuels Tax Minute.

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