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This bill extends federal tax credits for biodiesel and renewable diesel fuels, as well as biodiesel mixture credits, through 2025. The bill amends the Internal Revenue Code to shift the expiration date from 2024 to 2025 for both the biodiesel fuels credit and the biodiesel mixture credit. The bill also adds provisions preventing taxpayers from claiming both the biodiesel tax credits and the new clean fuel production credit under section 45Z in the same taxable year.
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