Clean Fuel Production Credit

New production tax credit of at least $0.20 per gallon, up to $1 per gallon, adjusted for inflation, for fuel produced from 2025-2027. Sustainable aviation fuel could receive credit of up to $1.75/gallon. Tax credit would enter into force after biomass-based diesel tax credit expires in 2024. Carbon intensity of fuels must be less than 50 kilograms of CO2e per mmBTU to receive credit for calendar years 2025-2027, which would likely exclude biofuels such as most first generation corn ethanol but could subsidize mature soy biodiesel and renewable diesel and other corn- and soy-based biofuels, depending on implementation. Lifecycle GHG emissions rate determined by GREET model from Argonne National Laboratory, with the exception of aviation fuel. Biomass definition is broad, meaning almost anything qualifies to be converted into a taxpayer-subsidized fuel, as long as it meets the GHG reduction requirement.