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26 U.S. Code § 40A, 26 U.S. Code § 6426(c), 26 U.S. Code § 6427€

IRA Statuatory Location:

13201

Tax Code Location:

26 U.S. Code § 40A, 26 U.S. Code § 6426(c), 26 U.S. Code § 6427€

New or Modified Provision:

Extended from 12/31/2022 through 12/31/2024.

Eligible Recipients:

Producers of biodiesel, biodiesel mixtures, and renewable diesel.

Tribal Eligibility:

No

Funded by:

U.S. Department of Treasury

Description

To provide tax credits for biodiesel and renewable diesel.
Direct Pay Eligibility:
N/A
Transferability:
No
Stackability:
No rules
Energy Community Bonus:
No

Relevant Announcements

N/A

Related Resources

Additional information is available on the Resources page.

Key Details

Period of Availability
Through 12/31/24
Tax Mechanism:
Income tax credit and excise tax credit
Base Credit Amount:
$1.00 per gallon for biodiesel, biodiesel mixtures, and renewable diesel.Additional $0.10 credit for small agri-diesel producers. In addition, there is a $1.00-per-gallonexcise tax credit for biodiesel and renewable diesel mixtures.
Bonus Credit Amount:
N/A
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