Federal Transferable Production Tax Credits

New Clean Fuel Production Tax Credit

Section 45(Z) creates a new technology neutral two-year tax credit for low-carbon transportation fuel. Maximum tax credit award is $1 per gallon and an increase to $1.75 per gallon for sustainable aviation fuel. Emission factor is calculated proportional to a maximum emission rate standard and calculated with the GREET Model (Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation) which is a widely-cited full life-cycle model that evaluates energy and emission impacts.

Production Credits

Renewable Electricity Production Tax Credit

Current Tax Credit for electricity produced from renewable sources.

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Production Credits

Clean Electricity Production Tax Credit

Replaces the Renewable Electricity Production Tax Credit in 2025.

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Production Credits

Zero-Emission Nuclear Power Production Tax Credit

Nuclear power production credit for new and existing facilities.

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Production Credits

New Clean Fuel Production Tax Credit

Provides a tax credit for low-carbon transportation fuel.

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Production Credits

Manufacturing Production Tax Credit

Benefits manufacturers of eligible components produced by a domestic
taxpayer.

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