by Jim Lane (Biofuels Digest) Check out this illuminating slide guide to SAF from Mike McCurdy, Managing Director of Fuels & Power at ICF on how sustainable aviation fuels are
Tag "IRS (Internal Revenue Service)"
by Jim Lane (Biofuels Digest) In this presentation, Aemetis CEO Eric McAfee took the ABLC 2023 stage in Washington DC to outline the company’s milestones, technology, financial estimates, policy asks,
by Margy Eckelkamp (AgWeb) A yet-to-be-realized provision in the Inflation Reduction Act could be the key for farmers to engage in measuring the carbon intensity (CI) of their grain. The
by Margy Eckelkamp (Farm Journal AgWeb) … The Section 45Z tax credit provides biofuel producers (ethanol, biodiesel and sustainable aviation fuel) with an incentive to produce low-emission fuels. What makes this
by Gernot Wagner and Danny Cullenward (Washington Post) … Enter Section 45V of the tax code. Under this, clean hydrogen producers that meet low-emissions standards will be eligible for federal
by Tammy Klein (Transport Energy Strategies) Which fuels are truck stops blending and selling and where are they trending in the next 10, 15, and 20 years? And, what are they
by Michele McPhee (Los Angeles Times) The main bad actors in a sprawling scam who formed a very unlikely alliance to defraud the government face a judge, five years after
by John Kirkwood and Jason Deppen and Virginia Speck (FaegreDrinker/Biofuels Digest) … On November 30, 2022 the Internal Revenue Service published Notice 2022-61 (the “Notice”) providing initial guidance on the
by Emily Skor (Growth Energy) … By any measure, 2022 was a banner year for biofuel advocates in Washington, D.C. We secured new funding for blending infrastructure, critical tax incentives
(U.S. Internal Revenue Service) The Treasury Department and Internal Revenue Service today issued a notice regarding the Sustainable Aviation Fuel (SAF) credit. This is a new credit created by the Inflation
(National Business Aviation Association) NBAA recently joined with a coalition of dozens of aviation stakeholders in submitting comments to the IRS on implementation of the upcoming sustainable aviation fuel blenders tax
by Todd Neeley (DTN Progressive Farmer) A new clean fuel production tax credit created by the Inflation Reduction Act could pave the way for significant growth in biofuels including ethanol, sustainable
(Renewable Fuels Association) As federal agencies continue to work on implementation of the Inflation Reduction Act, the Renewable Fuels Association on Saturday filed two sets of comments to the Internal Revenue
(Renewable Fuels Association) Testimony, Comments Provided to Treasury, IRS, USDA — In separate comments and testimony to the U.S. Department of Treasury, Internal Revenue Service and the U.S. Department of Agriculture,
by John R. Kirkwood, Jason Deppen, and Christopher B. Berendt (FaegreDrinker/Biofuels Digest) … Section 48(a) of the Internal Revenue Code (IRC) as it existed prior to the adoption of the (Inflation
by Bryen Alperin, Gary Blitz, Sarah Grey, Steve Whittaker, John Koenig, John Pierce, and Jason Kuzma (Carbon Capture Magazine) The Bipartisan Budget Act of 2018 expanded the 45Q tax credit,
by Marc Heller (E&E News) Thirteen years ago, Congress decided a tax credit for companies that blend biodiesel shouldn’t go to refineries that put just a drop of the alternative fuel’s
(Bernstein Liebhard/Globe Newswire) Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired
(U.S. Department of Justice) A Colorado resident was sentenced to 15 months in prison yesterday for his role in a biodiesel tax credit fraud scheme, announced Principal Deputy Assistant Attorney General
(Growth Energy) Today, Growth Energy CEO Emily Skor submitted written comments on the Internal Revenue Service’s (IRS) proposed regulations under section 45Q, a performance-based tax credit for carbon capture projects. In her letter, Skor called on
by Luke Geiver (Ethanol Producer Magazine) Positioning into the low-carbon biofuels marketplace, ethanol producers are moving forward with sequestration strategies. A more lucrative federal tax credit, along with a reduced
by Kelsey Tamborrino (Politico’s Morning Energy) The IRS on Thursday released proposed rules for an expanded carbon capture and utilization tax credit, ending a more than two-year wait for the
by Jordan Solomon (Ecostrat Inc./Biofuels Digest) The US has over a billion tons of biomass which can be used as a key lever to drive economic recovery. USDA estimates that
by Roxby Hartley (EcoEngineers/Ethanol Producer Magazine) Carbon capture and sequestration (CCS) is receiving a lot of traction thanks to two exciting developments in 2018 and 2019: 1) California’s Low Carbon Fuel Standard
(Bloomberg Law) Scheme to defraud EPA renewable fuel program; Criminal cases made damages easy to calculate e-Biofuels LLC and other defendants face a $70 million liability for violating the False Claims
(U.S. Department of Justice) A Colorado resident was sentenced to 83 months in prison on Friday for his role in a biodiesel tax credit fraud scheme, announced Principal Deputy Assistant Attorney
by Kelsey Tamborrino (Politico’s Morning Energy) Almost two years after Congress initially expanded a tax incentive for carbon capture and sequestration projects as part of its 2018 budget bill, the IRS
by Cácia Pimentel* (Advanced Biofuels USA) On February 15th the Center on Global Energy Policy (CGEP) Carbon Management Research Initiative and the Women in Energy program hosted a panel of experts to
(U.S. House Committee on Energy and Commerce) Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ), Environment and Climate Change Subcommittee Chairman Paul Tonko (D-NY) and Energy Subcommittee Chairman Bobby L.
by Ron Kotrba (Biodiesel Magazine) The Internal Revenue Service published guidance Jan. 15 for companies seeking to claim the biodiesel and renewable diesel tax credit for 2018 and 2019. The $1 per gallon
by Kelsey Tamborrino (Politico’s Morning Energy) New Jersey Sen. Bob Menendez called on the IRS’ watchdog to open an investigation into potentially fraudulent claims for the tax credit to capture
(Wisconsin Ag Connection/USAgNet) A Bloomfield, Mich., biodiesel fuel dealer pleaded guilty today to filing a false income tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the
(Internal Revenue Service/Federal Register) … The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to
by Erin Voegele (Etanol Producer Magazine) The U.S. EPA posted a notice to its websites Sept. 4 announcing a memorandum of understanding (MOU) with the Internal Revenue Service under which the
by Mark Riedy and Eddie Wang (Kilpatrick Townsend & Stockton LLP/Biofuels Digest) The recently-established Opportunity Zone Program offers developers, including start-up technology companies attempting to develop and commercialize new technologies in the
(Hunton Andrews Kurth) The Department of Treasury (“Treasury”) and Internal Revenue Service (“IRS”) have released Notice 2019-32 (the “Notice”) seeking comment on key issues to be interpreted in the Section 45Q
(U.S. Department of Justice) Assistant Attorney General Jeffrey Bossert Clark of the Department of Justice’s Environment and Natural Resources Division (ENRD) and United States Attorney William M. McSwain for the Eastern
(U.S. Department of Justice) Following a 14-day jury trial in Harrisburg, Pennsylvania, Ben T. Wootton, of Enola, Pennsylvania, and Race A. Miner, of Buena Vista, Colorado, were found guilty of one
(U.S. Department of Justice) A Colorado resident pleaded guilty today in the U.S. District Court for the District of Colorado to conspiracy to defraud the United States, conspiracy to commit money
by Kelsey Tamborrino (Politico’s Morning Energy) The Trump administration is developing guidance to help companies qualify for a built-out tax credit for carbon capture, utilization and storage — a welcome
by Jeff Hove (Biodiesel Magazine) Jeff Hove, vice president of NATSO’s Alternative Fuels Council, provides perspective on current political, regulatory and market events relating to biodiesel blending, and how a myriad
by Jim Lane (Biofuels Digest) A wide array of federal incentives supports the development and deployment of alternatives to conventional fuels and engines in transportation. These incentives include tax deductions and
(U.S. Department of Justice) A Harrisburg, Pennsylvania man pleaded guilty yesterday in federal court to one count of conspiring to defraud the Internal Revenue Service (IRS), announced Principal Deputy Assistant Attorney
by Betsy Lillian (NGT News) The Alternative Fuels Council, a subsidiary of NATSO Inc., a national association representing the travel plaza and truckstop industry, has launched a new service designed to help
(U.S. Department of Justice) A federal grand jury for the District of Colorado has returned an indictment, which was unsealed today, charging two Colorado business owners with conspiring to defraud the
(Department of Justice) Andre Bernard, of Mount Kisco, New York, pleaded guilty today for his participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling
(U.S. Department of Justice) Thomas Davanzo, of Estero, Florida, and Robert Fedyna, of Naples, Florida, pleaded guilty today for their participation in a multi-state scheme to defraud biodiesel buyers and
by Nate Carlisle and Brian Maffly (The Salt Lake Tribune) Federal agents raided offices of Washakie and Kingstons amid claims the company hasn’t actually manufactured its own biofuels. — The
by Joanna Schroeder (DomesticFuel.com) Senators Debbie Stabenow (D-MI), Chris Coon (D-DE) and Al Franken have introduced a new bill, S. 2271 the Renewable Chemicals Act of 2015. If passed, the
by Megan Sapp (Biofuels Digest) In Washington, the IRS has published a notice that informs claimants about the federal income tax treatment of credits under § 6426(c) and (d) of
by Mark Muro and Reed Hundt (The Brookings Institution) … While the federal government has not been able to lead on the design of modern clean energy and infrastructure finance entities,
by Hugh R. Morley (The Record/NorthJersey.com) … A Ridgewood businesswoman has pleaded guilty to a charge that she took part in a $100 million biofuel fraud as a top executive
by Steven Mufson (The Washington Post) …The paper industry — which in 2009 raked in billions of dollars in federal subsidiesoriginally intended to promote alternative highway fuels — is now using
RFA to Treasury: Success of SAF Tax Credit Depends on Fair, Science-Based Lifecycle Analysis
(Renewable Fuels Association) The use of science-based, consistent and transparent lifecycle analysis methods will be crucially important in implementing the sustainable aviation fuel (SAF) tax credit under the Inflation Reduction