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HR 549 United States House · 119th Congress

To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

HR 549 repeals a tax credit for clean fuel production from the Internal Revenue Code. It directly affects companies that produce clean fuel, removing a financial incentive they previously received. The bill eliminates Section 45Z of the tax code, which provided this credit, meaning businesses will no longer qualify for this specific tax benefit. The repeal takes effect for tax years beginning after December 31, 2024.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesRepeals clean fuel tax credit (Section 45Z), removing a business tax incentive. Reduces tax expenditures, directly restricting a tax benefit per topic definition.95% confidence ✗ EnergyOpposes EnergyRepeals tax credit for clean fuel production, removing financial incentive for renewable energy companies, directly weakening clean energy support.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credit for clean fuel production, removing financial incentive for clean energy development, weakening environmental support.90% confidence ✗ TransportationOpposes TransportationRepeals clean fuel production tax credit (Section 45Z), weakening financial incentives for sustainable transportation alternatives. Directly removes support for clean fuel industry, contradicting sustainable transportation goals.65% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
President
Introduced Jan 16, 2025 Last action Jan 16, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 16, 2025
Committee
Referred to the House Committee on Ways and Means.
lower
Jan 16, 2025
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Beth Van Duyne
Beth Van Duyne
RRepublican
TX
24