Ag Secretary Tom Vilsack says he’s confident that a clean fuels tax credit program set to take effect in 2025 will be finalized by the end of the Biden administration in January.
Farm Policy News says an April guidance for the SAF tax credit disappointed ethanol producers by requiring corn farmers to bundle a set of climate-friendly farming practices that meant little to no ethanol would qualify. Vilsack says his agency is hoping to make more feedstocks and individual farming practices eligible for the credit and is working with the energy and transportation departments on how to do so.
The Treasury Department is coming under pressure from some lawmakers to limit the eligibility for the new clean fuels tax credit to fuels made from feedstocks sourced in the United States. Vilsack says the right answer in writing the regulations was to ensure feedstocks meet expectations through inspections and certifications.
