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US HR3472

US HR3472
Biodiesel Tax Credit Extension Act of 2021


summary

Introduced
05/25/2021
In Committee
05/25/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to extend for 3 years tax credits with respect to biodiesel and renewable diesel.

AI Summary

This bill extends for 3 years the tax credits and excise tax incentives related to biodiesel and renewable diesel fuels. Specifically, it extends the income tax credit for biodiesel and renewable diesel under Section 40A of the Internal Revenue Code from 2022 to 2025. It also extends the excise tax credits and payments for biodiesel and renewable diesel under Sections 6426 and 6427 of the Code from 2022 to 2025. These tax credits and incentives are intended to promote the production and use of biodiesel and renewable diesel as alternatives to traditional fossil fuels.

Committee Categories

Budget and Finance

Sponsors (50)

Cindy Axne (D)* Don Bacon (R),  Mike Bost (R),  Cheri Bustos (D),  André Carson (D),  David Cicilline (D),  James Comer (R),  Joe Courtney (D),  Angie Craig (D),  Sharice Davids (D),  Rodney Davis (R),  Peter DeFazio (D),  Rosa DeLauro (D),  Randy Feenstra (R),  Michelle Fischbach (R),  Mike Flood (R),  Jeff Fortenberry (R),  Michael Guest (R),  Brett Guthrie (R),  James Hagedorn (R),  Vicky Hartzler (R),  Jahana Hayes (D),  Kevin Hern (R),  Jim Himes (D),  Ashley Hinson (R),  Dusty Johnson (R),  Mike Kelly (R),  Dan Kildee (D),  Derek Kilmer (D),  Adam Kinzinger (R),  Ann Kuster (D),  David Kustoff (R),  Darin LaHood (R),  James Langevin (D),  John Larson (D),  Blaine Luetkemeyer (R),  Tracey Mann (R),  Mariannette Miller-Meeks (R),  Marie Newman (D),  Jimmy Panetta (D),  Chris Pappas (D),  Greg Pence (R),  Chellie Pingree (D),  Hal Rogers (R),  Lucille Roybal-Allard (D),  Terri Sewell (D),  Adrian Smith (R),  Lauren Underwood (D),  Ann Wagner (R),  Jackie Walorski (R), 

Last Action

Referred to the House Committee on Ways and Means. (on 05/25/2021)

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