Legis Daily

A bill to amend the Internal Revenue Code of 1986 to reform and extend the incentives for biodiesel.

USA115th CongressS-944| Senate 
| Updated: 4/26/2017
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (16)
Joni Ernst (Republican)Jeanne Shaheen (Democratic)Mazie K. Hirono (Democratic)Tom Udall (Democratic)Joe Donnelly (Democratic)Amy Klobuchar (Democratic)Heidi Heitkamp (Democratic)Roy Blunt (Republican)Sheldon Whitehouse (Democratic)John Thune (Republican)Martin Heinrich (Democratic)Patty Murray (Democratic)Pat Roberts (Republican)Al Franken (Democratic)Maria Cantwell (Democratic)Gary C. Peters (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Renewable Fuel and Job Creation Act of 2017 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 2020.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 26, 2017
Introduced in Senate
Apr 26, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
May 4, 2017

Latest Companion Bill Action

HR 115-2383
Introduced in House
  • April 26, 2017
    Introduced in Senate


  • April 26, 2017
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)


  • May 4, 2017

    Latest Companion Bill Action

    HR 115-2383
    Introduced in House

Taxation

Related Bills

  • HR 115-2383: To amend the Internal Revenue Code of 1986 to reform and extend the incentives for biodiesel.
Alternative and renewable resourcesIncome tax creditsMotor fuelsSales and excise taxes

A bill to amend the Internal Revenue Code of 1986 to reform and extend the incentives for biodiesel.

USA115th CongressS-944| Senate 
| Updated: 4/26/2017
American Renewable Fuel and Job Creation Act of 2017 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 2020.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 26, 2017
Introduced in Senate
Apr 26, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
May 4, 2017

Latest Companion Bill Action

HR 115-2383
Introduced in House
  • April 26, 2017
    Introduced in Senate


  • April 26, 2017
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)


  • May 4, 2017

    Latest Companion Bill Action

    HR 115-2383
    Introduced in House
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (16)
Joni Ernst (Republican)Jeanne Shaheen (Democratic)Mazie K. Hirono (Democratic)Tom Udall (Democratic)Joe Donnelly (Democratic)Amy Klobuchar (Democratic)Heidi Heitkamp (Democratic)Roy Blunt (Republican)Sheldon Whitehouse (Democratic)John Thune (Republican)Martin Heinrich (Democratic)Patty Murray (Democratic)Pat Roberts (Republican)Al Franken (Democratic)Maria Cantwell (Democratic)Gary C. Peters (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 115-2383: To amend the Internal Revenue Code of 1986 to reform and extend the incentives for biodiesel.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesIncome tax creditsMotor fuelsSales and excise taxes