S. 3188
Referred to CommitteeBiodiesel Tax Incentive Reform and Extension Act of 2016
Latest Action
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5085)
7/13/2016 • Senate
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 Senate • 7/13/2016
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (18)
Party Breakdown
Sponsor
Cosponsors (17)
Bill Journey
Originated in the Senate
Introduced
July 13, 2016
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5085)
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law