This legislative proposal aims to repeal the existing clean fuel production tax credit . It specifically targets Section 45Z of the Internal Revenue Code of 1986, which currently provides incentives for the production of clean fuels. The bill mandates the striking of this section and its corresponding entry in the table of sections for Part IV of subchapter A of chapter 1. This action would effectively eliminate the credit for eligible producers. The proposed changes would become effective for all taxable years beginning after December 31, 2024 . This means that the clean fuel production credit would no longer be available for activities occurring in tax periods starting from January 1, 2025, onwards.