FutureFuel Receives Excise Tax Registration Approval
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FutureFuel Corp. has received Excise Tax Registration approval from the IRS, a key step towards claiming the Internal Revenue Code 45Z clean fuel production tax credit. This positions FutureFuel to benefit from the tax credit starting January 1, 2025.
January 03, 2025 | 9:30 pm
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FutureFuel Corp. has received IRS approval for Excise Tax Registration, enabling them to claim the clean fuel production tax credit starting January 1, 2025. This could enhance their profitability in biodiesel production.
The IRS approval is a significant regulatory milestone for FutureFuel, allowing them to claim the clean fuel production tax credit. This is likely to improve their financial performance by reducing tax liabilities and enhancing profitability in their biodiesel segment.
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