What is GREET and How Does it Help the Farmer
Treasury should be issuing an update on how the new Section 45Z tax credit may help ethanol producers qualify for this tax credit. But will it help the farmer?
Producers of sustainable aviation fuel (SAF) qualify for a current credit under Section 40B. The credit is $1.25 per gallon plus an additional cent per gallon for every point above 50% reduction of emissions. This credit expires at the end of 2024 and will be replaced with Section 45Z.
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