Section 1 Short title
This Act may be cited as the “Farmer First Fuel Incentives Act”.
Farmer First Fuel Incentives Act
A BILL
To amend the Internal Revenue Code of 1986 to prohibit the use of foreign feedstocks for purposes of the clean fuel production credit, and for other purposes.
Sec. 2 Prohibition on foreign feedstocks for clean fuel production credit
Prohibition on foreign feedstocks— Section 45Z(f)(1)(A) of the Internal Revenue Code of 1986 is amended—
in clause (i)(II)(bb), by striking “and” at the end,
in clause (ii), by striking the period at the end and inserting “, and”, and
by adding at the end the following new clause:
“(iii) such fuel is derived from a feedstock which was produced or grown in the United States.”
Effective date— The amendments made by this section shall apply to transportation fuel sold after December 31, 2024.
Sec. 3 Extension of clean fuel production credit
Section 45Z(g) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2027” and inserting “December 31, 2034”.