Biofuel Credit 45Z to Be Extended 4 Years Under Draft Tax Bill

Expiration of a clean fuel production tax, known as 45Z, would be extended by four years through 2031 under draft text released by Republican lawmakers ahead of a US House Ways and Means Committee hearing to consider tax legislation.

• The proposed bill language also calls to restrict the credit only for producers of fuel made with feedstock from the US, Mexico or Canada
• The draft bill would repeal the transferability of 45z, also known as the Clean Fuel Production Credit
• NOTE: Makers of biomass-based diesel, corn ethanol and lower-carbon jet fuel have been waiting for the Trump administration to weigh ...