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Small Agri-Biodiesel Producer Credit
Illinois — state program$.10 per gallon (Jan. 1, 2025–June 30, 2025); $.20 per gallon (after June 30, 2025 but before Jan. 1, 2027)
Allows small agri-biodiesel producers to claim a per-gallon credit on qualifying fuel sold or used, with the ability to transfer all or a portion of the credit to an unrelated third-party buyer for fuel sold or used after June 30, 2025. Fuel must be exclusively derived from feedstock produced or grown in the United States, Canada, or Mexico for fuel sold after June 30, 2025.
Program details
- Type
- tax-credit
- Amount
- $.10 per gallon (Jan. 1, 2025–June 30, 2025); $.20 per gallon (after June 30, 2025 but before Jan. 1, 2027)
- Eligibility
- Small agri-biodiesel producers; qualified agri-biodiesel fuel must be exclusively derived from feedstock produced or grown in the United States, Canada, or Mexico for fuel sold or used after June 30, 2025. Producers who wish to transfer eligible credits must first complete a mandatory pre-filing registration.
- Status
- open
- Administrator
- IRS
Source: Illinois — state program. Confirm current terms with the administering agency before applying.