Storing liquid or compressed hydrogen becomes a qualifying activity
What the document says“the transportation or storage of--”
The section rewrites section 7704(d)(1)(E) of the Internal Revenue Code of 1986 to restructure the list of qualifying activities and to bring in the transportation or storage of named fuels, alcohol fuel, biodiesel and sustainable aviation fuel, and of liquified or compressed hydrogen.
What the document actually says“the transportation or storage of--”
That sentence, in plain words
Moving or storing the things listed below now counts.
What this is about
One group is named fuels, such as biodiesel. The other is hydrogen, whether liquid or squeezed. Both now count as qualifying work.
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