|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Taxes|
|Agency:||Department of Treasury, Internal Revenue Service (IRS)|
|URL:||http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&docid=f:publ152.111.pdf (HCER 2010)|
|Legal References:||Health Care and Education Reconciliation (HCER) Act of 2010|
The Food Conservation and Energy Act of 2008 established the Cellulosic Biofuel Producer Tax Credit, which offers a cellulosic biofuel producer that is registered with the Internal Revenue Service (IRS) a tax incentive in the amount of up to USD1.01 per gallon of cellulosic biofuel that is:
If the cellulosic biofuel also qualifies for alcohol fuel tax credits, the credit amount is reduced to USD 0.46 per gallon for biofuel that is ethanol and USD 0.41 per gallon if the biofuel is not ethanol. The Health Care and Education Reconciliation Act of 2010 Act Section 1408 clarified that the term "cellulosic biofuel" does not include fuels with more than 4 percent by weight of any combination of water and sediment, or if the ash content of such fuel is more than 1 percent by weight.
The Consolidated Appropriations Act of 2016 extended the credit through 2016.
Last modified: Fri, 17 Feb 2017 12:57:17 CET