Lawmakers Press for Final Clean Fuel Credit Rules: BGOV Tax

Lawmakers Seek Clean Fuel Credit Rules

A bipartisan group of lawmakers is urging the Treasury Department to quickly finalize clean fuel production credit rules to address unresolved pieces of July’s GOP tax law for the biofuels industry.

The lawmakers said in a letter to Treasury Secretary Scott Bessent there should be clear guidance on how the credit can be claimed, validated, and monetized.

“This lack of clarity has left capital stranded, stalling investments that are essential for fueling American jobs and strengthening our domestic energy sector,” said the lawmakers, led by Rep. Tracey Mann (R-Kan.).

The GOP tax ...