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Clean Fuel Tax Credits Restricted to US-Grown Feedstocks.

This law modifies tax credits for clean fuel production to support American farmers. Starting in 2025, producers must use raw materials (feedstocks) grown or produced in the United States to qualify for the credit. Furthermore, the clean fuel tax credit program is extended by seven years, until the end of 2034, promoting domestic energy stability.
Key points
The tax credit for clean fuel production (e.g., biofuels) will only apply if the raw materials (feedstocks) were produced or grown within the United States.
The clean fuel tax credit program is extended for seven years, until December 31, 2034, supporting long-term domestic energy investments.
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Additional Information
Print number: 118_HR_9787
Sponsor: Rep. Mann, Tracey [R-KS-1]
Process start date: 2024-09-24