As part of our maximization of tax attributes relative to energy credits, we team with our Washington National Tax team to advise on uncertainties in the Inflation Reduction Act.

Our team has advocated on behalf of, and in conjunction with, the clean fuel industry including: comments to the U.S. Department of Treasury on elements of the IRA; resolution of tax controversy related to the recovery of tax depreciation for ethanol plants; advising on federal and state tax incentives and defending other positions scrutinized by taxing authorities.

Positive impact

• We have worked with clients to help them extract value from tax opportunities, such as: Secured excise tax registrations for ethanol producers to enable claiming the second-generation biofuel producer credit
• Determined biofuels credit opportunities and supporting documentation
• Secured millions of dollars in research and development credits for ethanol producers
• Generated more than $40 million section 382 benefit for an ethanol company Provided Inflation Reduction Act real options analysis to clean fuel producers
• Consulted on section 45Q carbon capture and sequestration, section 45Z clean fuel production credits and section 48 energy investment tax credits
• Advised sustainable aviation fuel industry on section 40B and section 45Z tax credits and aviation fuel excise taxes and registration responsibilities
• Assisted developers of anaerobic digestion and biogas property with section 48 energy investment tax credit
• Provided tax credit planning for biodiesel and renewable diesel producers
• Provided acquisitions planning, including identifying purchase price savings
• Provided financial reporting services, including discussing upcoming changes, enabling thoughtful dialogue

Our professionals identify, manage and mitigate opportunities and risks for over 100 clean fuel producers. By discussing industry trends and standard industry practices coupled with research and client engagements, we keep you abreast of industry changes that may affect your business.

To help guide you, our team has developed a deep understanding of the technology developed for decarbonization of the renewable fuel industry such as carbon capture, co-generation systems and use of renewable natural gas. We appreciate the intricacies of fuel production inputs such as feedstocks, enzymes and yeasts from diverse vendors; trials at bench and plant levels; and the challenges specific to the industry, including co-products like distillers grains, corn oil and carbon dioxide.

RSM attends, sponsors and speaks at industry conferences and events, including:

• Growth Energy, including Executive Leadership Conferences
• Renewable Fuels Association (RFA), including National Ethanol Conference
• American Coalition for Ethanol (ACE)
• Fuel Ethanol Workshop
• Iowa Renewable Fuels Association
• Minnesota Biofuels Association
• National Carbon Capture Conference
• Renewable Natural Gas Coalition Conference
• Partnered with the RFA for federal policy changes
• Completed a strategic planning project with ACE