June 11, 2013
BY Anna Simet
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The Government Accountability Office on Aug. 6 published report that makes several recommendations to Congress and federal agencies regarding ways to improve oversight and administration of the 45Q tax credit for CCUS.
The NCGA filed comments with the Office of Management and Budget encouraging the agency to reconsider updates recommended by one of its committees to more directly capture the economic impact of the emerging bioeconomy.
Treasury and the IRS on Aug. 14 modified and extended guidance issued in late 2025 that will help eligible taxpayers claim the 45Q credit for CCS if the U.S. EPA follows through with its proposal to eliminate the Greenhouse Gas Reporting Program.
The U.S. Forest Service on Aug. 5 awarded $300,000 to LanzaTech Inc. to support design work for a proposed biorefinery in Bellemont, Arizona, what would produce wood-based ethanol. The project would create a new market for low-value woody biomass.
The USDA maintained its forecast for 2026-’27 corn use in ethanol in its latest WASDE report, released Aug. 12. The agency increased its forecast for corn production, with an acreage increase partially offset by lower expected yields.