[from occupied ga]

I may be naïve, but I thought tax credits were only worth something if you have profits and taxes on those profits to offset with the tax credits.

[NohSpinZone]

I think you’re right. That’s how I read it as well. https://afdc.energy.gov/laws/396

So how did these shysters generate enough revenue to offset more than $7M?

[jjotto]

I think the credits can be sold. That’s the way ethanol works.

[ransomnote]

Not naive, just thinking more clearly!

Yes - so then wealth gets restained, and tax preparer gets rewarded. :)

[pierrem15]

You’re confusing a deduction (which offsets taxes paid) with a credit, which you get even if no taxes are paid.

[jjotto]

Here’s a longer explanation of how RINs work:

https://arstechnica.com/tech-policy/2018/08/ohio-man-is-latest-to-be-sentenced-for-millions-in-biofuel-credit-fraud/