Lawmakers Press Treasury to Expedite Clean Fuel Credit Rules

Members of Congress are urging the Treasury Department to finalize rules for the clean fuel production credit this fall.

The credit, under tax code Section 45Z, is available to taxpayers registered as producers of clean fuel at the time of production starting Jan. 1, 2025. But lack of regulations related to the credit “is already putting thriving businesses at risk,” the letter, signed by a bipartisan group of 16 senators and 36 representatives, reads.

“Capital investment remains uncommitted, threatening certain projects and expansion plans, including the administration’s stated goals to support new markets like sustainable aviation ...