Bill > HR5240

This bill, the Biodiesel Tax Incentive Reform and Extension Act of 2016, modifies and extends tax credits for biodiesel and renewable diesel, which are fuels derived from biomass. Key changes include shifting the tax credit from the blender of the fuel mixture to the domestic producer of the biodiesel or renewable diesel, increasing the credit by 10 cents per gallon for eligible small biodiesel producers on their first 15 million gallons, and extending these incentives through December 31, 2019. The bill also clarifies definitions for renewable diesel and biodiesel mixtures, and requires that biodiesel eligible for the credit be produced in the United States from qualified feedstocks.