US SB1422

Prohibits the use of foreign feedstocks for the clean fuel production credit under Section 45Z of the Internal Revenue Code, requiring feedstocks to be produced or grown in the United States, effective for fuel sold after December 31, 2024

Excludes indirect land use change emissions from lifecycle greenhouse gas calculations when determining emissions rates, with methodology to be set by Treasury in consultation with EPA and USDA, effective for taxable years beginning after December 31, 2025

Extends the clean fuel production credit expiration date from December 31, 2027 to December 31, 2034, providing seven additional years of tax incentives

Changes the emissions factor rounding precision from 0.1 to 0.01 for calculating the credit, effective for transportation fuel produced after December 31, 2024

Introduced April 10, 2025 with bipartisan sponsorship from Senators Marshall, Klobuchar, Ernst, Fischer, Slotkin, Baldwin, and Ricketts; referred to the Senate Finance Committee