The Farmer First Fuel Incentives Act would change the clean fuel production tax credit. To qualify, transportation fuel would need to come from feedstock produced or grown in the United States. The bill would also exclude emissions attributed to indirect land-use change when calculating emissions rates, extend the credit through December 31, 2034, and change the emissions factor rounding from 0.1 to 0.01.
Fuel producers seeking the credit would have to use U.S.-produced or U.S.-grown feedstock. The emissions-rate change would apply to rates published for tax years beginning after December 31, 2025. The feedstock rule would apply to transportation fuel sold after December 31, 2024, and the rounding change to fuel produced after that date.
No publicly available information about the bill's fiscal cost.
No publicly available information.
No publicly available information.