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S. 2353

Referred to Committee

Biodiesel Tax Incentive Reform and Extension Act of 2015

Introduced 12/3/2015•114th Congress•Senate

Latest Action

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)

12/3/2015 • Senate

Summary

Biodiesel Tax Incentive Reform and Extension Act of 2015

This bill amends the Internal Revenue Code to: (1) extend through March 31, 2016, the income tax credit for biodiesel and renewable diesel used as fuel and the excise tax credit for biodiesel fuel mixtures, (2) allow through 2018 a new income and excise tax credit equal to $1.00 for each gallon of biodiesel produced, and (3) provide for an increased credit for small biodiesel producers.

Introduced in Senate • 12/3/2015

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Topics & Subjects

Policy Area: Taxation
Alternative and renewable resourcesIncome tax creditsMotor fuelsSales and excise taxes

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (4)

Party Breakdown

2
Democrats
2
Republicans
0
Independents

Sponsor

S[
Sen. Grassley, Chuck [R-IA]

Republican • IA

Sponsored 12/3/2015

Cosponsors (3)

S[
Sen. Cantwell, Maria [D-WA]

D-WA

Joined 12/3/2015

S[
Sen. Heinrich, Martin [D-NM]

D-NM

Joined 12/8/2015

S[
Sen. Roberts, Pat [R-KS]

R-KS

Joined 12/9/2015

Bill Journey

Originated in the Senate

Introduced

December 3, 2015

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in Senate12/3/2015

Details

Bill TypeS
Current StatusReferred to Committee
Cosponsors3