*Minnesota Editor Tipoffs Newsletter for Sunday May 11, 2025 ( 1 items ) |
Pivot Bio Urges Treasury to Broaden Clean Fuel Tax Credit for Farmers
WASHINGTON, May 10 -- Agriculture technology company Pivot Bio, Wayzata, Minnesota, has called on the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to expand the scope of the Section 45Z Clean Fuel Production Credit to include on-farm conservation practices. In a letter submitted to Treasury Secretary Scott Bessent, the company emphasized the importance of allowing biofuel feedstock growers to benefit from the credit by implementing sustainable farming methods.
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