Why is Section 45Z Guidance Taking So Long
Jim Wiesemeyer in his daily letter has some reasons why Section 45Z is taking so long
Section 45Z was passed as part of the Inflation Reduction Act back in 2022. It is scheduled to start January 1, 2025, and will last for three years, unless extended. The law indicated that the Administration would release guidance on this credit by December 31, 2024.
However, we have heard from Secretary of Ag Vilsack that guidance may not be released until January 2025.
Jim Wiesemeyer in his daily letter reviews some of the reasons why it may be late as follows:
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