Treasury releases tax credit language that could spur biogas investment
The U.S. Department of the Treasury issued draft language this week guiding implementation of the Section 45Z tax credit, also known as the Clean Fuel Production Tax Credit. The credit provides a benefit to facilities producing alternative fuels such as renewable natural gas. It was created by the Inflation Reduction Act in 2022 and was an unlikely beneficiary of last year’s One Big Beautiful Bill Act, which extended the credit for an additional two years.