S 5145 United States Senate · 118th Congress

Farmer First Fuel Incentives Act

This bill amends the tax code to require that clean fuel production credits only apply to fuels made from U.S.-grown raw materials (feedstocks), effective after December 31, 2024. It also extends the clean fuel production tax credit from 2027 to 2034. The policy directly affects clean fuel producers who currently use foreign-sourced raw materials, requiring them to source domestically to qualify for the credit. This change aims to support domestic agricultural and fuel production by making U.S. feedstocks a mandatory requirement for the tax incentive.
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 24, 2024 Last action Sep 24, 2024
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Total actions
2
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0
Committee
1
Sep 24, 2024
Committee
Read twice and referred to the Committee on Finance.
upper
Sep 24, 2024
Introduced
Introduced in Senate
upper
1 primary · 6 co-sponsors

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