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10 January 2025

IRS releases guidance on the IRC Section 45Z clean fuel production credit

The Treasury Department and IRS on January 10, 2025, released Notice 2025-10 on the IRC Section 45Z tax credit for domestically-produced clean transportation fuel, created by the Inflation Reduction Act. Notice 2025-10 describes and seeks comments on upcoming proposed regulations that would address definitions, emissions rates, credit eligibility, calculation of the credit amount, registration, certification, claim filing and required recordkeeping. Notice 2025-11, released at the same time, provides guidance on fuel emissions rates for purposes of the IRC Section 45Z tax credit. A Tax Alert is forthcoming.

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Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor

Document ID: 2025-0203

 

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