Taxpayers for Common Sense, along with Environment America, Friends of the Earth, R Street Institute, and U.S. PIRG, submitted the following comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to “Credits for Clean Hydrogen and Clean Fuel Production” (Notice 2022-58). The comments are focused on the implementation of new tax credits created in the Inflation Reduction Act (IRA), specifically the Clean Fuel Production Credit (Section 45Z). The tax credit has potential to bring back wasteful ethanol subsidies from the dead and extend subsidies for mature biofuels and biomass industries, depending on implementation.
The comments can be viewed below or downloaded here.
Comments
Inflation Reduction Act: Treasury Comments on Clean Fuel Tax Credit
New clean fuel tax credit could continue wasteful subsidies for biofuels and biomass industries
Taxpayers for Common Sense, along with Environment America, Friends of the Earth, R Street Institute, and U.S. PIRG, submitted the following comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to “Credits for Clean Hydrogen and Clean Fuel Production” (Notice 2022-58). The comments are focused on the implementation of new tax credits created in the Inflation Reduction Act (IRA), specifically the Clean Fuel Production Credit (Section 45Z). The tax credit has potential to bring back wasteful ethanol subsidies from the dead and extend subsidies for mature biofuels and biomass industries, depending on implementation.
The comments can be viewed below or downloaded here.
Share This Story!
Related Posts
Keep This Emergency Spending Train on Track
Frequently Asked Questions on Lame Duck Congress and Presidential Transitions
Who Pays When Natural Disaster Strikes?
President Biden Requests a $98.6 Billion Emergency Supplemental
National Prescribed Fire Act
TCS Comments on Alternative Fuel Vehicle Refueling Property Credit
[wpp header=”Most Read” header_start='<h4>’ header_end='</h4>’ limit=3 range=’custom’ time_quanity=’40’ time_unit=’day’ order_by=’views’ post_type=’post’ cat=” thumbnail_width=300 thumbnail_height=300 stats_date=1 stats_date_format=’F j, Y’ wpp_start='<ul class=”wpp-list”>’ wpp_end='</ul>’ post_html='<li>{thumb} {title} {stats}</li>’]
Get Social
Recent Content
FAQ
Frequently Asked Questions on Lame Duck Congress and Presidential Transitions
Our Take
Who Pays When Natural Disaster Strikes?
Our Take
President Biden Requests a $98.6 Billion Emergency Supplemental
Our Take
National Prescribed Fire Act
Stay up to date on our work.
Sign up for our newsletter.
"*" indicates required fields