Sec. 111112. Extension and modification of clean fuel production credit
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/bill/119/hr/1/rh/section-111112A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 45Z(f)(1)(A) is amended— in clause (i)(II)(bb), by striking and at the end, in clause (ii), by striking the period at the end and inserting , and , and by adding at the end the following new clause: such fuel is exclusively derived from a feedstock which was produced or grown in the United States, Mexico, or Canada. . The amendments made by this subsection shall apply to transportation fuel sold after December 31, 2025. Section 45Z(b)(1)(B) is amended by adding at the end the following new clauses: Notwithstanding clauses
(ii)and (iii), the lifecycle greenhouse gas emissions shall be adjusted as necessary to exclude any emissions attributed to indirect land use change. Any such adjustment shall be based on regulations or methodologies determined by the Secretary in consultation with the Administrator of the Environmental Protection Agency and the Secretary of Agriculture. For purposes of the table described in clause (i), with respect to any transportation fuels which are derived from animal manure, a distinct emissions rate shall be provided with respect to each of the specific feedstocks used to such produce such fuel, which shall include dairy manure, swine manure, poultry manure, and such other sources as are determined appropriate by the Secretary. . Section 45Z(b)(1)(B)(i) is amended by striking clauses
(ii)and
(iii)and inserting clauses (ii), (iii), (iv), and
(v). The amendments made by this subsection shall apply to emissions rates published for taxable years beginning after December 31, 2025. Section 45Z(g) is amended by striking December 31, 2027 and inserting December 31, 2031 . Section 45Z(f) is amended by adding at the end the following new paragraph: No credit determined under subsection
(a)shall be allowed under section 38 for any taxable year beginning after the date of enactment of this paragraph if the taxpayer is a specified foreign entity (as defined in section 7701(a)(51)(B)). No credit determined under subsection
(a)shall be allowed under section 38 for any taxable year beginning after the date which is 2 years after the date of enactment of this paragraph if the taxpayer is a foreign-influenced entity (as defined in section 7701(a)(51)(D)). . The amendment made by this subsection shall apply to taxable years beginning after the date of enactment of this Act.