Farmer Support Stokes Hopes for Biofuels Tax Credit Extension

Confidence is building in the alternative fuels industry for an extension of its hallmark tax credit while other renewable energy sectors are hustling to protect their credits from repeal in the upcoming tax bill.

House Republicans are close to wrapping up negotiations on their signature tax legislation, and the fate of billions of dollars of energy tax credits from the 2022 tax-and-climate law known as the Inflation Reduction Act are still undecided.

But companies using the 45Z clean fuels production credit, emboldened by its popularity among farmers, hope Congress will expand the credit even as other clean energy lobbyists ...