CONGRESS FOR VOTERS

RepublicanBill · H.R. 549· House(119-HR-549)

To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

Rep. Van Duyne
Age: 56 years
Texas
Introduced
1/16/2025
Last activity
1/16/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Beth Van Duyne
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes an amendment to the Internal Revenue Code of 1986. The primary goal is to repeal the clean fuel production credit. This action would involve striking section 45Z and its corresponding item in the table of sections. The change is intended to take effect for taxable years starting after December 31, 2024.

Yes

  • Does this reduce what the federal government spends?+3

    Repealing the clean fuel production credit reduces the amount of tax expenditures the government provides to fuel producers.

The opposite

  • Would business owners be better off under this?-5

    Business owners in the clean energy sector would lose the tax credit provided under section 45Z.

  • Does this raise the taxes companies pay?-5

    The repeal of the clean fuel production credit increases the effective tax burden on companies producing clean fuels.