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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
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
Sponsors
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