Department of the Treasury and the Internal Revenue Service IRS issue Notice 2024 49 for the Clean Fuel Production Credit to allow credit for clean transportation fu
On May 31, 2024, the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) issued Notice 2024-49 for the Clean Fuel Production Credit. The Inflation.
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There is already an array of programs that pay farmers for planting cover crops and using no-till practices. The 45Z tax credit, which goes into effect next January, will likely require more focus on farmers carbon intensity scores. However, the tax credit could offer more incentives for farmers to try climate-smart practices.