Grassley Statement on Biden Admin’s 45Z Tax Credit Guidance

WASHINGTON– Sen. Chuck Grassley (R-Iowa), a member of the Senate Finance and Agriculture Committees and a lifelong family farmer, today issued the following statement regarding the newly-released Biden Treasury Department’s 45Z guidance:
“Once again, the Biden administration has left farmers with more questions than answers. I’m disappointed the Biden Treasury failed to clarify whether 45Z will fully credit farmers for doing their part to reduce carbon emissions. I stressed in my meetings with President Trump’s Treasury and EPA nominees that they will need to act fast to bring farmers certainty on 45Z, and I intend to hold them to that promise.
“On a positive note, I’m pleased to see the Treasury Department listened to the concerns thatI’ve raisedabout virgin palm oil masquerading as Used Cooking Oil. U.S. renewable fuel policies must put the American farmer first.”
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