Clean Fuels expressed appreciation for Treasury’s responsiveness to industry input on the 45Z Tax Credit and urged additional certainty with timely final rules.
We greatly appreciate Treasury for moving forward with formal rules for the 45Z Clean Fuel Production Credit. The agency responded to many taxpayer concerns and resolved some uncertainties from the guidance issued a year ago.
We are hopeful that the administration is close to finalizing long-overdue regulatory rules. The delays and market uncertainty have taken a toll on our industry, undercutting fuel production and the value added to agriculture.
Clean Fuels urges Treasury to ensure a level playing field for American farmers, by eliminating penalties for speculative indirect effects assigned to U.S. crop feedstocks. Clean Fuels also urges Treasury to adhere to the legislative language indicating that co-processed fuels do not qualify for the credit.
WASHINGTON, DC - Clean Fuels Alliance America thanks U.S. Treasury and USDA officials for releasing long-awaited guidance describing the intended rules for the §45Z Clean Fuel Production Credit and giving stakeholders an opportunity to evaluate its workability. The...
Clean Fuels Alliance America and nine national and state associations wrote to House and Senate leaders requesting a one-year extension of the §40A Biodiesel and Renewable Diesel Tax Incentive.
The need for policy certainty is urgent, Clean Fuels emphasizes
Today, Clean Fuels Alliance America submitted a highly detailed, technical response to USDA’s Request for Information on climate smart agriculture practices for biofuel feedstocks. Clean Fuels emphasized the need for immediate guidance and certainty before biodiesel, renewable diesel, and sustainable aviation fuel producers and their farmer partners transition to the credit in January.
“Lack of regulatory certainty is already putting thriving businesses at risk as fuel producers are unable to make important business decisions regarding their fuel,” the letter states.
Secretary Tom Vilsack announces RFI at Clean Fuels June Member Meeting
Twenty-five trade associations sent a letter urging Treasury to finalize and publish guidance for the §45Z Clean Fuels Production Credit as soon as possible.