The Clean Fuels Credit, codified under 26 U.S. Code Section 45Z, has quickly become a central focus for businesses pursuing opportunities in the evolving energy sector. Designed to incentivize the production of cleaner transportation fuels, this credit not only benefits fuel producers but has also started attracting interest from companies seeking to purchase credits under the transferability provisions of 26 U.S. Code Section 6418. Initially introduced as part of the Inflation Reduction Act (IRA), the Clean Fuels Credit stands out as one of the few tax incentives that received an extension through 2029 under the One Big Beautiful Bill Act (OBBBA). As the regulatory landscape continues to shift, it is essential for companies to understand both the strategic advantages and the legal requirements associated with this incentive.
Dimitri Zografi
Dimitri assists clients with international trade and tax matters. His practice centers on Customs compliance, trade remedies, and sophisticated cross-border regulatory strategy. He counsels U.S. and foreign clients on a wide range of complex trade issues, including antidumping and countervailing duty investigations, Section 301 and 232 tariffs, IEEPA compliance, country-of-origin determinations, scope rulings, and Customs enforcement proceedings.