Section 1. Short title
This Act may be cited as the Farmer First Fuel Incentives Act.
(a) Prohibition on foreign feedstocks
Section 45Z(f)(1)(A) of the Internal Revenue Code of 1986 is amended—
(1) in clause (i)(II)(bb), by striking and at the end,
(2) in clause (ii), by striking the period at the end and inserting, and, and
(3) by adding at the end the following new clause:
(iii) such fuel is derived from a feedstock which was produced or grown in the United States.
(3) .
(b) Effective date
The amendments made by this section shall apply to transportation fuel sold after December 31, 2024.
Section 3. Extension of clean fuel production credit
Section 45Z(g) of the Internal Revenue Code of 1986 is amended by striking December 31, 2027 and inserting December 31, 2034.