The IRS has released a new fact sheet (https://bit.ly/3XUv7BN ) to help businesses that produce clean transportation fuel apply for registration for the clean fuel production credit. The fact sheet clarifies such issues as which entities must apply for registration and what actions disregarded entities should take. This credit (under Code Sec. 45Z) was made available to registered businesses by the Inflation Reduction Act. To apply for registration, businesses that produce either sustainable aviation fuel (SAF) or non-SAF transportation fuel should complete and submit Form 637, Application for Registration (For Certain Excise Tax Activities). Contact the Cg Team for assistance.© 2024