Bill > HR549

This bill proposes to repeal the clean fuel production credit within the Internal Revenue Code of 1986. Specifically, the bill would remove Section 45Z from Part IV of subchapter A of chapter 1 of the tax code, effectively eliminating a tax credit that was previously available for the production of clean fuels. The repeal would take effect for taxable years beginning after December 31, 2024, which means the clean fuel production credit would no longer be available as a tax incentive for businesses starting in the 2025 tax year. While the bill does not provide details about the specific clean fuel production credit being eliminated, such credits are typically designed to encourage the development and production of environmentally friendly or alternative fuel sources by offering tax benefits to qualifying producers.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/549/all-info