The bill would change the federal clean fuel production tax credit. It would require eligible fuel to come from feedstock produced or grown in the United States. This rule would apply to transportation fuel sold after December 31, 2024. The bill would also exclude emissions attributed to indirect land use changes when emissions rates are set, extend the credit through December 31, 2034, and change how the credit’s emissions factor is rounded for fuel produced after December 31, 2024.
Fuel producers seeking the credit would need to meet the domestic feedstock requirement. The bill would also change how emissions rates are calculated and extend the period during which the credit is available. No publicly available information explains how these changes would affect any particular person or business.
No publicly available information gives an estimate of the bill’s costs or its effect on tax revenue.
No publicly available information.
No publicly available information.