Bill
Bill > HR3272
summary
Introduced
05/17/2021
05/17/2021
In Committee
05/17/2021
05/17/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to extend biodiesel and renewable diesel incentives, and for other purposes.
AI Summary
This bill extends biodiesel and renewable diesel incentives, as well as excise tax credits for alternative fuels, through 2025. Specifically, it extends the income tax credit for biodiesel and renewable diesel, while phasing down the credit amount from $1.00 per gallon to $0.50 per gallon over the 2023-2025 period. It also extends the excise tax credit and payments for biodiesel and renewable diesel, again with a phasedown of the credit amount. Additionally, the bill extends the alternative fuels excise tax credits and outlay payments through 2025, with a phasedown of the credit amounts over the same period.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 05/17/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/3272/all-info |
| BillText | https://www.congress.gov/117/bills/hr3272/BILLS-117hr3272ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr3272/BILLS-117hr3272ih.pdf.pdf |
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