KPMG report: Clean fuel production credit under section 45Z

Analysis and observations on Notices 2025-10 and 2025-11

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March 10, 2025

The U.S. Treasury Department and IRS in January 2025 published Notice 2025-10, providing a draft of forthcoming proposed regulations, and Notice 2025-11, providing an emissions rate table, to assist entities claiming a clean fuel production credit under section 45Z. As of the date of publication, proposed regulations have not been published in the Federal Register.

Read a March 2025 report prepared by KPMG LLP that provides a high-level summary of the notices and observations.


For more information, contact a professional in KPMG Washington National Tax:

Taylor Cortright
T:
+1 (202) 533-6188
E: tcortright@kpmg.com
Julie Chapel
T:
+1 (405) 552-2544
E: jchapel@kpmg.com
Rachel Smith
T:
+1 (202) 533-3436
E: rachelsmith1@kpmg.com
Kelsey Latham
T:
+1 (713) 319-2436
E: kcurcio@kpmg.com
Simon Belokowsky
T:
+1 (704) 335-5300
E: sbelokowsky@kpmg.com
 

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