H.R. 5240
Referred to CommitteeBiodiesel Tax Incentive Reform and Extension Act of 2016
Latest Action
Referred to the House Committee on Ways and Means.
5/13/2016 • House
Summary
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.
Introduced in House • 5/13/2016
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (19)
Party Breakdown
Sponsor
Cosponsors (18)
Bill Journey
Originated in the House
Introduced
May 13, 2016
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (5)
H.R. 4040
Bridge to a Clean Energy Future Act of 2015
S. 1946
Tax Relief Extension Act of 2015
S. 2353
Biodiesel Tax Incentive Reform and Extension Act of 2015
S. 2391
American Clean Energy Investment Act of 2015
S. 3188
Biodiesel Tax Incentive Reform and Extension Act of 2016