NATSO and SIGMA urge Treasury to finalize '45Z' rule for consumer benefits

Summary

NATSO and SIGMA testified to the U.S. Treasury Department urging the finalization of the 'Section 45Z' Clean Fuel Production Tax Credit rule. They emphasized the need for transparency in biofuel transactions to help lower diesel prices for consumers. Currently, only 20% of the tax credit value reaches consumers, compared to 50-70% under the previous Biodiesel Tax Credit.

Recent Coverage

• NATSO, SIGMA Urge Treasury in Testimony to Ensure '45Z' Final Rule Benefits Consumers

  PR Newswire • May 27