Bill > HR2932

This bill creates a tax credit to incentivize the production of lead-free aviation gasoline (avgas) in the United States, offering financial incentives to producers who manufacture aviation fuel without tetra-ethyl-lead. The tax credit will decrease incrementally from $1.25 per gallon in 2026 to $1.05 per gallon in 2030, and applies to aviation gasoline that meets specific federal regulations, is produced in the United States, and is sold to unrelated parties for business use or retail sales. To qualify for the credit, producers must register with the Secretary of the Treasury and provide certification that their fuel meets the defined standards. The bill also requires the Government Accountability Office (GAO) to conduct a comprehensive study examining the price differences between leaded and unleaded aviation gas, investigating factors driving these price variations, and assessing whether the tax credit successfully reduces costs for end-users. The tax credit program will expire on December 31, 2030, and the GAO must submit a report to Congress within one year of the Act's enactment detailing its findings about the aviation gasoline market and the credit's effectiveness.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2932/all-info