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.

Policy Type:

Sunset Date:

01/01/2030

Date Updated:

01/27/2023