The Clean Fuel Production Credit is part of the Inflation Reduction Act passed in 2022. The Act includes substantial provisions for climate initiatives including the aforementioned credit, and multiple provisions regarding EV incentivization.
Topics: Biodiesel Tax Credit, Biodiesel, Climate Change, Carbon Emissions, renewable energy, Inflation Reduction Act, Clean Fuel Production Credit
The Biodiesel Blender Tax Credit is set to expire at the end of 2024, at which point it will be replaced by the Clean Fuel Production Credit. The Clean Fuel Production credit (somewhat obviously) accrues credit to producers of clean transportation fuels produced at approved facilities for approved uses and does NOT carry through to blenders of clean transportation fuels like biodiesel and renewable diesel.
Topics: Biodiesel Tax Credit, Biodiesel, Carbon Emissions, renewable energy, Clean Fuel Production Credit