S. 5145, titled the “Farmer First Fuel Incentives Act,” aims to amend the Internal Revenue Code of 1986 to ensure that only feedstocks grown or produced in the United States qualify for the clean fuel production credit. This bill prohibits the use of foreign feedstocks for...
Simple Explanation
S. 5145 wants to make sure that only plants and materials grown in the United States are used to make clean fuels, and this could help local farmers. It also plans to keep giving rewards to fuel companies for making cleaner fuels until the year 2034.