Agency: Department of the Treasury
Description:
Tax credit for certain fueling equipment for 85% ethanol, natural gas, compressed or liquified natural gas, liquefied petroleum gas or hydrogen; 20% (or more) biodiesel; or electricity.
Bill Section:
13404
US Code:
26 USC 30C
New or Existing:
Existing
Potential Cost:
$1,700,000,000
Timeline:
2022 – 2032
TCS Notes:
Duplicative of other federal programs such as the Biofuel Infrastructure and Agriculture Product Market Expansion program (Higher Blend Infrastructure Incentive Program) within IRA.
Elective Payment and Transferability allowed in certain cases.
Other TCS Resources:
Biofuel Infrastructure Subsidies Fact Sheet