TITLE 26.
INTERNAL REVENUE CODE
§ 45Z.
Clean fuel production credit. [Effective January 1, 2025], 26 USCS § 45Z
Summary
(a) Amount of credit.
(1) In general.For purposes of section 38 [26 USCS § 38], the clean fuel production credit for any taxable year is an amount equal to the product of—
(A)the applicable amount per gallon (or gallon equivalent) with respect to any transportation fuel which is—
(i)produced by the taxpayer at a qualified facility, and
(ii)sold by the taxpayer in a manner described in paragraph (4) during the taxable year, and
(B)the emissions factor for such fuel (as determined under subsection (b)).
(2) Applicable amount.
(A)Base amount. In the case of any transportation fuel produced at a qualified facility which does not satisfy the requirements described in subparagraph (B), the applicable amount shall be 20 cents.
(B)Alternative amount. In the case of any transportation fuel produced at a qualified facility which satisfies the requirements under paragraphs (6) and (7) of subsection (f), the applicable amount shall be $1.00.