119-HR2867
Farmer First Fuel Incentives Act
Last action was on 4-10-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 2867
1. Short title2. Prohibition on foreign feedstocks for clean fuel production credit3. Determination of emissions rate4. Extension of clean fuel production credit5. Rounding of clean fuel production credit emissions factor1. Short title
This Act may be cited as the "Farmer First Fuel Incentives Act".
2. Prohibition on foreign feedstocks for clean fuel production credit
(a) Prohibition on foreign feedstocks - Section 45Z(f)(1)(A) of the Internal Revenue Code of 1986 is amended—
(1) - in clause (i)(II)(bb), by striking "and" at the end,
(2) - in clause (ii), by striking the period at the end and inserting ", and", and
(3) - by adding at the end the following new clause:
(iii) - such fuel is derived from a feedstock which was produced or grown in the United States.
(b) Effective date - The amendments made by this section shall apply to transportation fuel sold after December 31, 2024.
3. Determination of emissions rate
(a) In general - Section 45Z(b)(1)(B) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause:
(iv) Exclusion of indirect land use changes - Notwithstanding clauses (ii) and (iii), the lifecycle greenhouse gas emissions shall be adjusted as necessary to exclude any emissions attributed to indirect land use change. Any such adjustment shall be based on regulations or methodologies determined by the Secretary in consultation with the Administrator of the Environmental Protection Agency and the Secretary of Agriculture.
(b) Conforming amendment - Section 45Z(b)(1)(B)(i) of such Code is amended by striking "clauses (ii) and (iii)" and inserting "clauses (ii), (iii), and (iv)".
(c) Effective date - The amendments made by this section shall apply to emissions rates published for taxable years beginning after December 31, 2025.
4. Extension of clean fuel production credit
Section 45Z(g) of the Internal Revenue Code of 1986 is amended by striking "December 31, 2027" and inserting "December 31, 2034".
5. Rounding of clean fuel production credit emissions factor
(a) In general - Section 45Z(b)(2) of the Internal Revenue Code of 1986 is amended by striking "0.1" each place it appears and inserting "0.01".
(b) Effective date - The amendments made by this section shall apply to transportation fuel produced after December 31, 2024.