News & Insights
Stay informed with the latest developments and expert perspectives on tax credits from Mickelson & Company. Our articles offer thorough analysis and up-to-date insights into the railroad and renewable energy sectors. Utilize this knowledge to strengthen your strategic planning in these crucial areas.
Notice 2026-53: What the New Section 45Z Guidance Means
On September 8, 2026, the U.S. Treasury and IRS released Notice 2026-53 alongside an updated 45Z-CF GREET Model, providing additional clarity on emissions calculations and the Section 45Z Clean Fuel Production Credit. The guidance introduces important changes for regenerative agriculture, animal manure feedstocks, farm-specific alternative fates, and the treatment of ILUC, foreign feedstocks, and negative emissions rates. These updates provide important considerations for biofuel producers, agricultural feedstock suppliers, and tax credit buyers as they evaluate 2025 and 2026 credit eligibility and documentation requirements.
From Federal to State: Using 45G Rail Credits as a Model for Biofuels
The 45G federal tax credit for rural railroad maintenance serves as a model for state-level adoption, with 17 jurisdictions now offering similar incentives to boost rural infrastructure. This legislative pattern is currently being replicated for the American biofuels industry following the 2025 introduction of federal credits, with states like Kansas and Kentucky already adopting complementary programs.
Cate’s Corner: Policy Success Takes Time
One of the biggest misconceptions about the legislative process is that good ideas become law in a single session. In reality, meaningful policy often requires years of education, relationship-building, and persistence before the right opportunity presents itself.
Industrial Development Tax Credits: Supporting Economic Growth While Generating State Tax Savings
States are constantly looking for innovative ways to compete for new private investment. One tool that is gaining popularity is the Industrial Development Tax Credit, a transferable tax credit that allows taxpayers to reduce their state tax liability while also supporting meaningful economic development projects across rural America.