The IRS is issuing guidance regarding the Section 45Z clean fuels production tax credit, offering safe harbor for on-farm practices relevant to biofuel producers and farmers.
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What happened
The IRS is issuing guidance regarding the Section 45Z clean fuels production tax credit, offering safe harbor for on-farm practices relevant to biofuel producers and farmers.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Corn growers commended the IRS guidance on biofuels, which provides economic certainty for the industry.Sub-event
IRS guidance provides safe harbor for on-farm practices related to the Section 45Z biofuel tax credit.1 source
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The entities involved
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Internal Revenue Service
US agency administering IRA tax credits (Sections 45Y, 48E, 6417, 6418) material to Vineyard Wind 1 and Avangrid's onshore portfolio.