Bloomberg Law Quotes Sarah Grey on IRS Proposal Clarifying Clean Fuels Tax Credit

Arnold & Porter Environmental partner Sarah Grey was recently quoted in the Bloomberg Law article, “Biofuels Notch Win With IRS Proposal, Await Further Guidance,” which covered the Internal Revenue Service’s proposed regulations to implement the Section 45Z clean fuel production tax credit and their impact on biofuel producers.

Sarah noted that while the proposal provides greater clarity and flexibility for industry participants, additional guidance is still needed, particularly on how climate-smart agriculture practices will be reflected in emissions calculations.

“We’re a couple steps away from having more certainty on that issue,” she said, adding that she expects forthcoming agriculture guidance to be less restrictive than the prior approach allowed for Sustainable Aviation Fuels.

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