Trump White House to Make Final 45Z Decisions

The Treasury Department has released its long-awaited preliminary guidance for its new 45Z clean fuel production credit. This punts the final decisions to the incoming Trump Administration. In the words of Iowa Senator Chuck Grassley, the announcement “left farmers with more questions than answers.” It restricts imports of used cooking oil, but it does not clarify the farming practices required to qualify for the tax credit. Renewable Fuels Association President and CEO Geoff Cooper said this guidance fails to provide enough information to stimulate investment in the biofuels industry.