summary
Introduced
04/26/2023
04/26/2023
In Committee
04/26/2023
04/26/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to repeal the alcohol fuels credit, the biodiesels fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, the alcohol fuel, biodiesel, and alternative fuel mixtures credit, and other related provisions.
AI Summary
This bill, the Restoring Fuel Market Freedom Act of 2023, proposes to repeal several tax credits and provisions related to alternative fuels, including the alcohol fuels credit, the biodiesels fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, and the alcohol fuel, biodiesel, and alternative fuel mixtures credit. The bill also repeals the specific inclusion of alcohol and biodiesel fuel credits in gross income and the payments for certain fuels not used for taxable purposes. These changes aim to remove government support for these alternative fuel programs and restore more market-based competition in the fuel industry.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to the House Committee on Ways and Means. (on 04/26/2023)
Bill Topics
Energy
- ‐ Alternative and Renewable Energy
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2902/all-info | 04/27/2023 |
| BillText | https://www.congress.gov/118/bills/hr2902/BILLS-118hr2902ih.pdf | 05/05/2023 |
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