US EditionBiofuel industry cheers 45Z tax credit proposal, awaits final details
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.7 Articles
7 Articles
45Z tax credit clarity a ray of sunshine at Northern Corn and Soybean Expo
FARGO, N.D. — Among a rather dim outlook for corn and soybean price improvements came some news about the 45z tax credit on Tuesday, Feb. 3, that could provide clarity to biofuel producers and a boost to U.S. commodity producers. The Department of the Treasury and the Internal Revenue Service issued proposed regulations for domestic producers of clean transportation fuel to determine their eligibility for and calculate the clean fuel production …
Nunn Praises Treasury’s 45Z Clean Fuel Production Credit Guidance
Representative Zach Nunn released the following statement after the U.S. Department of the Treasury issued long-awaited guidance on the Section 45Z Clean Fuel Production Credit—a critical step toward restoring certainty for Iowa farmers and biofuel producers and unlocking new investment in rural communities. The guidance brings clarity after months of uncertainty and will help strengthen rural jobs, expand domestic energy production, and reinfor…
Biofuel industry cheers 45Z tax credit proposal, awaits final details
The U.S. Treasury Department has issued its proposed guidance on the 45Z tax credit and biofuel supporters say it’s a good step forward. Troy Bredenkamp with the Renewable Fuels Association tells Brownfield the big questions are starting to get answers. “It appears to resolve previous confusion on issues like qualified sales, that was a big […] The post Biofuel industry cheers 45Z tax credit proposal, awaits final details appeared first on Brown…
The Treasury Department and the U.S. Internal Revenue Service published on Tuesday the proposal for regulations to allow biofuel processors to calculate the tax credits they will receive based on the raw material used. The Inflation Reduction Act (IRA), in force since 2022, provided for the extension of the US$ 1.0 per gallon tax credit for biodiesel mixers and created a US$ 1.75 per gallon tax credit for sustainable aviation fuels or SAF, but a…
ASA and NOPA Applaud Treasury’s Updated 45Z Guidance, Urge Swift Finalization of Strong Pro-American RFS - Oklahoma Farm Report
Today, the American Soybean Association (ASA) and National Oilseed Processors Association (NOPA) applauded the U.S. Department of the Treasury for releasing updated proposed guidance which implements critical improvements to the 45Z Clean Fuel Production Credit, including changes that support domestic feedstocks like U.S. soybeans, following congressional amendments enacted as part of the One Big Beautiful Bill Act (OBBBA). This action from Trea…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
