The Biden administration’s notice on the 45Z tax credit with preliminary guidance was finally published in the Internal Revenue Bulletin.
Bracewell senior principal Tim Urban told Agri-Pulse that clean fuel producers now have more solid federal tax guidance available to take to investors and describe with more clarity their ability to claim the credit.
The Treasury Department issued a notice on 45Z shortly before the end of the Biden administration, but it was not immediately published in the bulletin, leaving companies and investors guessing on how much authority the notice included.
