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Tax Credits › Diesel Fuel

Holland & Knight LLP

IRS, Treasury Department Release New Section 40B Sustainable Aviation Fuel Credit Guidance

Holland & Knight LLP on

The IRS and U.S. Department of the Treasury released on Dec. 15, 2023, Notice 2024-06 regarding Section 40B of the Internal Revenue Code. Effective for fuel mixtures sold or used after Dec. 31, 2022, and before Jan. 1, 2025,...more

Opportune LLP

Battle Of The Biofuels: Renewable Diesel Vs. Biodiesel

Opportune LLP on

Find out why knowing the difference between renewable diesel and biodiesel can go a long way in understanding the benefits of each....more

Opportune LLP

Renewable Diesel Netback: Where’s The Value?

Opportune LLP on

If companies want to capture the value and ultimately profit from the projected growth in renewable diesel, they’ll need to understand their netback....more

Orrick, Herrington & Sutcliffe LLP

Bilancio di Previsione dello Stato per l'anno finanziario 2020

Orrick, Herrington & Sutcliffe LLP on

(Legge 27 dicembre 2019, n. 160 pubblicata in Gazzetta Ufficiale serie generale 304 del 30 dicembre 2019). ...more

Pillsbury Winthrop Shaw Pittman LLP

Spending Deal Provides Long-Term Extension for Biodiesel Tax Credit

Pillsbury Winthrop Shaw Pittman LLP on

The return of the credit brings with it greater stability. • The blenders tax credit for biodiesel and renewable diesel is retroactively reinstated. • A “special rule” calls for a one-time claims process to speed credit...more

Hogan Lovells

Congress' year-end funding bill included extensions of tax credits for renewable energy, including wind, biofuels, and others

Hogan Lovells on

In a rare display of bipartisanship, both houses of Congress and President Trump were able to come to agreement in the waning hours of the 2019 congressional session to extend government funding for fiscal year 2020. Included...more

Bergeson & Campbell, P.C.

Bill To Extend Biodiesel Tax Credit Introduced In The House of Representatives

Bergeson & Campbell, P.C. on

On September 12, 2016, the Biodiesel and Renewable Diesel Incentive Extension Act of 2016 (H.R. 5994) was introduced to the House of Representatives and referred to the House Committee on Ways and Means. The bill was...more

Bergeson & Campbell, P.C.

IRS Releases Guidance On Income Tax Treatment Of 2014 Biodiesel Mixture Credits

Bergeson & Campbell, P.C. on

On August 18, 2015, the Internal Revenue Service (IRS) released a notice containing tax code information for 2014 biodiesel tax credits. The focus of the notice is the treatment of credits under Internal Revenue Code Section...more

Stoel Rives LLP

Biofuels Law Alert: IRS Addresses the Identity of the "Producer" in Contract Manufacturing Arrangements

Stoel Rives LLP on

Last week the IRS released an internal memorandum addressing which of the parties to a contract manufacturing arrangement for biodiesel is treated as the “producer” of the biodiesel for certain federal tax purposes....more

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