Search Results: keywords:"section 45z"

  • S. 692 — To amend the Internal Revenue Code of 1986 to modify the clean fuel production credit to provide a special rate for sustainable vessel fuel.
    Status:Introduced in Senate
    Words:590

    S. 692 is proposed legislation that seeks to amend the Internal Revenue Code of 1986 to modify the clean fuel production credit. It introduces a special rate for sustainable vessel fuel, allowing it to qualify as transportation fuel under specified conditions, such as being...

    Simple Explanation

    The bill suggests giving special treatment to clean fuel made for boats, making it cheaper and helping the environment, but only if it meets certain rules. This special deal for boat fuel would last until 2035, starting from 2026.

  • H. R. 549 — To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.
    Status:Introduced in House
    Words:179

    H. R. 549 seeks to amend the Internal Revenue Code of 1986 by eliminating the clean fuel production credit. This change would affect taxable years starting after December 31, 2024. The bill was introduced by Ms. Van Duyne and has been referred to the Committee on Ways and...

    Simple Explanation

    H. R. 549 is a plan to stop giving a special money bonus to people and companies for making clean fuel, starting in 2025. This might make it harder for them to be as successful because they rely on these bonuses to help pay for their clean energy work.