Ask and you shall receive
Source: By Politico • Posted: Monday, December 16, 2024
Biofuels groups are urging House Republicans to make tweaks to tax credits under the Inflation Reduction Act in response to a request for information from six GOP lawmakers on the House Ways and Means Committee. The lawmakers called on stakeholders last month to offer input on the extended biodiesel tax credit, the sustainable aviation fuel credit and the new clean fuel production credit that begins in 2025 and laid out concerns with the current implementation of the provisions.
The Renewable Fuels Association, a trade group for U.S. ethanol, urged lawmakers to extend the existing biofuel tax credits while guidance is developed for the clean fuel production credit, known as 45Z, and called for a “more streamlined approach” for registering for the 45Z credit. The group also said treatment of sustainable aviation fuel under 45Z must be modified to “truly stimulate investment in, and expansion of, SAF production.”