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Clean Fuel Production Credit

A tax incentive (a reduction in taxes owed) for companies that produce transportation fuels with low greenhouse gas emissions.

Feedstock

The raw material or ingredient used to produce a fuel, such as corn, soybeans, or waste products.

Internal Revenue Code of 1986

The main body of federal tax law in the United States.

Lifecycle Greenhouse Gas Emissions

A measure of the total greenhouse gases released into the atmosphere from all stages of a fuel's existence, from growing/extracting raw materials to its end-use.

Indirect Land Use Change (ILUC)

Emissions that occur when producing crops for fuel displaces food or animal feed production, causing new land (like forests or grasslands) to be converted for agriculture elsewhere, releasing stored carbon.

Emissions Factor

A number used in calculating the amount of the clean fuel production credit, based on a fuel's greenhouse gas emissions rate.

Taxable Year

The annual accounting period used by an individual or company for tax purposes.