IRS Issues Update on OBBB’s ‘Important Changes’ To Tax Credit
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The Internal Revenue Service ( IRS ) has issued an update on clean-fuel tax-credit provisions implemented under President Donald Trump ’s One Big Beautiful Bill (OBBB). The proposal outlines how domestic producers of transportation fuels with lower life cycle greenhouse gas emissions can qualify for a per-gallon income tax credit through 2029, a policy intended to drive investment in lower-carbon fuels . The rules would replace and consolidate prior biofuel incentives and provide clarity on
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