Bill > HR5240

Introduced Session

Biodiesel Tax Incentive Reform and Extension Act of 2016 This bill amends the Internal Revenue Code to modify and extend: (1) the income tax credit for biodiesel and renewable diesel used as fuel, and (2) the excise tax credit for biodiesel fuel mixtures. The bill: (1) makes the credits available to domestic producers of the fuels rather than the policy under current law of providing a mixture credit to the blender of the fuel, (2) increases the income tax credit for certain small biodiesel producers, and (3) extends the credits through 2019.

Committee Categories

Kristi Noem (R)*,  Sanford Bishop (D),  Rod Blum (R),  Cheri Bustos (D),  David Cicilline (D),  Sam Graves (R),  Brett Guthrie (R),  Steve King (R),  Ann Kuster (D),  David Loebsack (D),  Blaine Luetkemeyer (R),  Bill Pascrell (D),  Collin Peterson (D),  Adrian Smith (R),  Jason Smith (R),  Mark Takai (D),  Ann Wagner (R),  Timothy Walz (D),  David Young (R), 

Referred to the House Committee on Ways and Means. (on 05/13/2016)

Official Document