This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for February 2024 used under § 417(e)(3)(D), the 24-month average segment rates applicable for March 2024, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C)(iv).

These proposed regulations would provide rules for the new section 45V tax credit for the production of qualified clean hydrogen that was added by the Inflation Reduction Act of 2022. The proposed regulations provide guidance on how to claim the section 45V credit, a production tax credit, the amount of which is dependent on the quantity and emissions intensity of the hydrogen produced. The proposed regulations also provide guidance on the election to treat qualified property that is part of a specified clean hydrogen production facility as energy property under section 48, which is part of the investment tax credit under section 46.

Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term tax exempt rate. For purposes of sections 382, 1274, 1288, 7872 and other sections of the Code, tables set forth the rates for April 2024.

(Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520, 7872.)