Committee Extends Runway for 45Z Credit
The House Ways and Means Committee advanced a bundle of the president's top tax priorities Wednesday morning, including an extension of the clean fuel production credit and other tax code updates that could positively impact farm families.
The tax package portion of Republicans' reconciliation legislation will be combined by the House Budget Committee with reconciliation bills from other committees. The Budget Committee was expected to hold a hearing on May 16, with the full megabill moving to the House floor around Memorial Day.