House GOP Tax Writers Seek Industry Input on Biofuel Credits

House Republican tax writers are seeking comments from biofuel supply chain stakeholders as existing tax credits near expiration and Treasury guidance on a replacement credit remains outstanding.

Guidance on the 45Z credit enacted in the Democrats’ 2022 tax-and-climate law has not yet been released, and that’s sparked frustration for some who say it could mean a delay in climate-friendly investments. Others say it’s leading to sluggish feedstock purchases.

“As members of the Ways and Means Committee representing districts interested in domestic energy production and rural economic development, we want to better understand from stakeholders whether these biofuel tax provisions are ...