RTC Policy Finder

Agricultural Biomass Income Tax Credit

Any taxpayer who owns a dairy or feedlot can be given a tax credit for agricultural biomass transported to facilities generating electricity or making biocrude or other liquid or gaseous fuel for commercial use. This income tax credit will be equivalent to $5.00 per wet ton of biomass and ends before January 1, 2030. Unused credits can carry over for up to four years.

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