On January 10, 2025, the Treasury Department (the “Treasury”) and the Internal Revenue Service (the “Service”) continued their flurry of new guidance by releasing IRS Notice 2025-10 (the “Notice”) ...
On January 15, 2025, Department of Energy (DOE) released updated versions of the 45VH2-GREET lifecycle greenhouse gas (GHG) emissions model and accompanying instructional manual. The updates are ...
The Treasury Department and the IRS have issued proposed regulations on Feb. 3, 2026, providing expanded guidance on the Clean Fuel Production Credit under IRC section 45Z and significantly building ...
The Department of Energy added new feedstock options to its model for determining eligibility and carbon intensity scores for biofuel producers under the 45Z tax credit. DOE updated the 45ZCF GREET ...
The U.S. Department of Agriculture announced the publication Jan. 15 of interim technical guidelines for climate-smart agriculture crops used as biofuel feedstocks. The rule lays out how to ...
The One Big Beautiful Bill Act (OBBBA) made several important changes to the Clean Fuel Production Credit (45Z). Most notably, it extended the credit through 2029, providing biofuels producers with an ...
The Treasury Department on Friday proposed long-awaited guidance for the new biofuel tax credit known as 45Z, appearing to limit the use of imported cooking oil but omitting key eligibility ...
The Treasury Department and Internal Revenue Service (IRS) issued preliminary guidance on the 45Z tax credit on Friday, which was created by the 2022 Inflation Reduction Act (IRA/Climate Act), ...