Kansas Senator Roger Marshall (R-KS) recently introduced the bicameral and bipartisan Farmer First Fuel Incentives Act requiring the Treasury Department to restrict the eligibility of the 45Z Tax Credit to renewable fuels made only from domestically sourced feedstocks and extending the tax credit to make it a full ten-year credit.
This bill is co-led with Senator Sherrod Brown (D-OH) will provide a 10-year credit that will give the ethanol industry the time and financial incentive to build up the infrastructure needed for the U.S. to be less reliant on foreign fuel, open new markets for farmers, and increase ethanol production across the Midwest.
The legislation is also co-sponsored by Kansas congressman Tracey Mann.
