tax credit

Lawmakers Urge Treasury to Finish Clean Fuel Credit Rules To Restore Certainty

Biofuels News / By

A bipartisan coalition of House lawmakers is urging the Treasury Department to move quickly in finalizing clean fuel production rules, pressing the agency to resolve outstanding issues tied to the GOP tax law enacted in July that directly affect the biofuels industry. The letter — led by Rep. Tracey Mann (R-Kan.) and endorsed by more

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IRS Announces Inflation Adjustment Factor For 2025 Clean Fuel Production Tax Credit

Ag News, Biofuels News / By

The IRS on July 21 published a notice announcing the 2025 calendar-year inflation adjustment factor for the Section 45Z clen fuel production credit. The resulting adjustment boosts maximum the value of the credit by approximately 6%.  The law establishing the 45Z credit includes language implementing an inflation adjustment for years beginning after 2024. The value

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Bipartisan Group of Lawmakers Propose SAF Income Tax Credit in Michigan

Biofuels News / By

US representatives in Michigan have launched a bipartisan sustainable aviation fuel production plan that would establish an income tax credit for fuel producers and blenders in the state. The proposed bill would provide a $1.50/gallon tax credit for purchasing, producing, or blending SAF in Michigan, according to a release from the state’s Republican Party. “I

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SAF Production Begins to Take Off as New Capacity Comes Online in the US

Biofuels News / By

Sustainable aviation fuel (SAF) production is growing in the United States as new capacity comes online. U.S. production of Other Biofuels, the category we use to capture SAF in our Petroleum Supply Monthly, approximately doubled from December 2024 to February 2025. SAF is an alternative to petroleum jet fuel. It’s produced from agricultural and waste

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Michigan Lawmakers Consider Biodiesel Incentives

Biofuels News, Stakeholder Stories / By

The Michigan Soybean Association is asking state lawmakers to support a biodiesel tax credit for producers. Chief Executive Officer Ben Seyfer says the legislation would create a complete local supply chain while lifting farmers out of market uncertainty. “Demand creation would help stabilize local soybean prices and promote the growth of energy security by utilizing

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High-Performance Low-Carbon Liquid Fuels Summit to Showcase Potential for Biofuels

Biofuels News, Stakeholder Stories / By

Fuel retailers, biofuels advocates, farmers and more are invited to the annual High Performance Low Carbon Liquid Fuels Summit on May 6-7 at Gridiron Hall located at the Indianapolis Colts Headquarters at 7001 W. 56th St. in Indianapolis. Hosted by the Indiana Soybean Alliance and the Indiana Corn Growers Association (ICGA), the Summit will feature

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SAF Magazine, OPIS Teaming Up to Offer ‘Navigating the Uncertainty of 45Z’ Webinar

Webinars / By

The Clean Fuel Production Credit (45Z) finally arrived in January, and industry leaders are grappling with shifting regulations, evolving tax incentives, and lingering uncertainties. How can biofuel producers, investors, and stakeholders best prepare for 2025 and beyond? Join SAF Magazine and OPIS for an in-depth webinar where renewable fuel expert Jordan Godwin will break down

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SAF Market Still Digesting Uncertainty of US Clean Fuel Production Tax Credit

Biofuels News / By

If you’re still confused by the uncertainty that was brought on by the delayed and clunky rollout of the 45Z Clean Fuel Production Tax Credit, then you’ve come to the right place, because guess what? I’m still confused, too.  At the Clean Fuels Conference in San Diego in January—just days after the tax guidance was

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