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Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel (B100) or renewable diesel produced or used in the blending process.

Effective Jan. 1, 2023, a new blenders tax credit (BTC) makes SAF producers eligible for a $1.25 per gallon credit for each gallon of SAF sold as part of a qualified fuel mixture with a demonstrated life cycle greenhouse gas (GHG) reduction of at least 50% compared to conventional jet fuel.

Use this form to figure your section 40 biofuel producer credit. You claim the credit for the tax year in which the sale or use occurs.

The biodiesel mixture credit of any taxpayer for any taxable year is $1.00 for each gallon of biodiesel used by the taxpayer in the production of a qualified biodiesel mixture.

A second generation biofuel producer that is registered with the IRS may be eligible for a tax incentive in the amount of up to $1.01 per gallon of second-generation biofuel that is: sold and used by the purchaser in the purchaser's trade or business to produce a second-generation biofuel mixture; sold and used by the ...

Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel (B100) or renewable diesel produced or used in the blending process.

A second generation biofuel producer that is registered with the IRS may be eligible for a tax incentive in the amount of up to $1.01 per gallon of second-generation biofuel that is: sold and used by the purchaser in the purchaser's trade or business to produce a second-generation biofuel mixture; sold and used by the ...