To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

Bill: 119-hr-549
Sponsor: full_name: Rep. Van Duyne, Beth [R-TX-24]
Introduced: 2025-01-16
Policy area: Taxation
Latest action: action_date: 2025-01-16
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2025-01-16
action_desc: Introduced in House
text: <p>This bill repeals the business tax credit for clean fuel production beginning in 2025. (Under current law, the business tax credit for clean fuel production is available for the production and sale of qualified transportation fuel between 2025 and 2027.)</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 549 IN THE HOUSE OF REPRESENTATIVES January 16, 2025 Ms. Van Duyne introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

1. Repeal of clean fuel production credit (a) In general Part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking section 45Z (and by striking the item relating to such section in the table of sections for such part). (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2024.