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119-hr-549119th CongressWALLET

To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

Sponsored By: Representative Van Duyne, Beth [R-TX-24]

Introduced

Summary

This bill would repeal the business tax credit for clean fuel production. Under current law that credit applies to businesses that produce and sell qualified transportation fuel in 2025–2027. The repeal would remove that tax incentive for those producers for taxable years beginning after December 31, 2024.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Clean fuel producers lose tax credit

This bill would end the Clean Fuel Production tax credit (section 45Z). Clean fuel makers and related businesses would not be able to claim it for tax years that begin after December 31, 2024. If passed, this could raise their taxes or lower their after-tax profits. Any effects on consumer prices or jobs are uncertain.

Sponsors & CoSponsors

Sponsor

Van Duyne, Beth [R-TX-24]

TX • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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