The International Council on Clean Transportation Discusses the Influence of the Proposed First Productive Use Requirement for Biogas on Inflation Reduction Act 45V Tax Credits

By Better Today On Oct 7, 2024

TL/DR –

The article discusses the potential implications of the proposed “first productive use” requirement for biogas in the Inflation Reduction Act 45V tax credits. The new measure would mean that the initial user of the biogas would be the one eligible for the tax credit, rather than the producer of the biogas. This could potentially shift the flow of these credits and alter the dynamics of the biogas industry.

Proposed “First Productive Use” Requirement for Biogas’ Affect on the Inflation Reduction Act 45V Tax Credits

The proposed “first productive use” requirement could significantly impact the biogas industry and the Inflation Reduction Act 45V tax credits. The International Council on Clean Transportation reports that these requirements could have a significant impact on the inflation reduction act.

With global emphasis on clean energy, the biogas industry is a crucial player. Thus, any legal or financial changes can have ripple effects. As such, this “first productive use” proposal could affect the potential tax benefits from the Inflation Reduction Act 45V for biogas businesses.