Law 14.990/2024, enacted in Brazil on September 30, introduces the Low Carbon Hydrogen Development Program (PHBC) to support the transition towards low carbon hydrogen use. This program complements Law 14.948/2024, establishing the legal framework for low-carbon hydrogen. Low-carbon hydrogen, particularly green hydrogen (H2V) produced through electrolysis, is gaining global attention for its environmental benefits and potential to decarbonize economic activities. Brazil, known for its abundant clean energy sources and renewable electricity matrix, is leading in promoting low-carbon hydrogen. The PHBC will provide tax credits between 2028 and 2032 to incentivize projects that meet criteria such as regional development, climate change mitigation, and technological innovation. The tax credits will gradually increase from R$1.7 billion to R$5 billion during this period. Beneficiaries can offset the credit against taxes or request cash reimbursement. While H2V offers sustainability and versatility, challenges like high production costs, storage requirements, and safety concerns exist. Despite these challenges, the PHBC aims to facilitate the adoption of low-carbon hydrogen. It is crucial for regulatory bodies to swiftly implement the program to maximize its benefits and ensure safe integration into industries and communities.