Comment from The Tax Law Center at NYU Law
The Tax Law Center at NYU LawSupportAcademic
Summary: The Tax Law Center at NYU Law, a public interest initiative, submitted comments regarding the proposed regulations for the Section 45Z Clean Fuel Production Credit. They support the proposed definitions for "production," "facility," and the exclusion of electricity as a "transportation fuel," while recommending that the credit should not provide benefits for climate-smart agriculture practices due to scientific uncertainty and lack of verification mechanisms.
Please find attached the Tax Law Center's comment on the proposed 45Z regulations. Thank you.