118 HR 9787 IH: Farmer First Fuel Incentives Act U.S. House of Representatives 2024-09-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS2d SessionH. R. 9787IN THE HOUSE OF REPRESENTATIVESSeptember 24, 2024Mr. Mann (for himself, Ms. Kaptur, Mr. Comer, Ms. Budzinski, and Mr. Bacon) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo 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.

1.

Short title

This Act may be cited as the Farmer First Fuel Incentives Act.

2.

Prohibition on foreign feedstocks for clean fuel production credit

(a)

Prohibition on foreign feedstocks

Section 45Z(f)(1)(A) of the Internal Revenue Code of 1986 is amended—(1)in clause (i)(II)(bb), by striking and at the end,(2)in clause (ii), by striking the period at the end and inserting , and, and(3)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..(b)

Effective date

The amendments made by this section shall apply to transportation fuel sold after December 31, 2024.

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.