Section 1. Short title
This Act may be cited as the Second Generation Biofuel Producer Credit Extension Act of 2024.
(a) Coordination with clean fuel production credit
Section 40(b) of the Internal Revenue Code of 1986 is amended by redesignating paragraph (6) as paragraph (7) and by inserting after paragraph (5) the following new paragraph:
(6) Coordination with clean fuel production credit
No credit shall be determined under this paragraph with respect to fuel with respect to which a credit was allowed under section 45Z(a).
(b) Extension
Section 40(b)(7)(J)(i) of such Code (as so redesignated) is amended by striking January 1, 2025 and inserting January 1, 2026.
(c) Effective date
The amendments made by this section shall apply to qualified second generation biofuel production after December 31, 2024.