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Clean Fuel Production Credit (Section 45Z / Section 70521)
Illinois — state program$0.20 or $1.00
Extended and modified credit for domestic clean fuel production. Available for transportation fuel sold before Jan. 1, 2030, with applicable amounts of $0.20 or $1.00 per gallon depending on fuel type. Fuel must be exclusively derived from feedstock produced or grown in the United States, Mexico, or Canada for fuel produced after Dec. 31, 2025.
Program details
- Type
- tax-credit
- Amount
- $0.20 or $1.00
- Eligibility
- Producers of qualifying transportation fuels; specified foreign entities and certain foreign-influenced entities are ineligible. Transfer of the credit is allowed but not to specified foreign entities.
- Status
- open
- Administrator
- IRS / Treasury
Source: Illinois — state program. Confirm current terms with the administering agency before applying.