Developed by: Inflation Reduction Act
Federal Agency: Department of the Treasury
Income Tax Credit
Description: To provide an income tax credit for second-generation biofuel production.
Recipients: : Registered producers of second-generation biofuels
Timing: Extended from 12/31/2021 through 12/31/2024.
Amount:
- Base Credit Amount: $1.01 per gallon
- Bonus Credit Amount: N/A
More information: Alternative Fuel Data Center
