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Supporting Energy and Economic Development (SEED) Act

USA119th CongressHR-8497| House 
| Updated: 4/27/2026
Mike Carey

Mike Carey

Republican Representative

Ohio

Cosponsors (15)
Dusty Johnson (Republican)Ashley Hinson (Republican)Darin LaHood (Republican)Claudia Tenney (Republican)Mariannette Miller-Meeks (Republican)J. Luis Correa (Democratic)Andrew R. Garbarino (Republican)Mike Kelly (Republican)Brad Finstad (Republican)Blake D. Moore (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Mike Bost (Republican)Randy Feenstra (Republican)Tracey Mann (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislative proposal seeks to extend crucial tax incentives for biodiesel and renewable diesel by amending the Internal Revenue Code of 1986. Its primary aim is to prolong the availability of these energy-related tax benefits, thereby supporting the production and use of renewable fuels. The bill specifically extends the expiration date for both the income tax credit under Section 40A(g) and various excise tax incentives, including those under Section 6426(c)(6) and Section 6427(e)(6)(B), from their current 2024 deadline to 2029 . A significant provision introduced is the "Denial of Double Benefit," which ensures that if a credit is claimed for fuel under section 45Z(a), no additional credit can be claimed under the extended sections. These amendments are designed to apply to fuel sold or used on or after the date the Act is enacted, providing continued financial support for the renewable fuels industry.
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Timeline
Apr 27, 2026
Introduced in House
Apr 27, 2026
Referred to the House Committee on Ways and Means.
Apr 28, 2026

Latest Companion Bill Action

S 119-4408
Introduced in Senate
  • April 27, 2026
    Introduced in House


  • April 27, 2026
    Referred to the House Committee on Ways and Means.


  • April 28, 2026

    Latest Companion Bill Action

    S 119-4408
    Introduced in Senate

Taxation

Supporting Energy and Economic Development (SEED) Act

USA119th CongressHR-8497| House 
| Updated: 4/27/2026
This legislative proposal seeks to extend crucial tax incentives for biodiesel and renewable diesel by amending the Internal Revenue Code of 1986. Its primary aim is to prolong the availability of these energy-related tax benefits, thereby supporting the production and use of renewable fuels. The bill specifically extends the expiration date for both the income tax credit under Section 40A(g) and various excise tax incentives, including those under Section 6426(c)(6) and Section 6427(e)(6)(B), from their current 2024 deadline to 2029 . A significant provision introduced is the "Denial of Double Benefit," which ensures that if a credit is claimed for fuel under section 45Z(a), no additional credit can be claimed under the extended sections. These amendments are designed to apply to fuel sold or used on or after the date the Act is enacted, providing continued financial support for the renewable fuels industry.
View Full Text

Suggested Questions

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

Timeline
Apr 27, 2026
Introduced in House
Apr 27, 2026
Referred to the House Committee on Ways and Means.
Apr 28, 2026

Latest Companion Bill Action

S 119-4408
Introduced in Senate
  • April 27, 2026
    Introduced in House


  • April 27, 2026
    Referred to the House Committee on Ways and Means.


  • April 28, 2026

    Latest Companion Bill Action

    S 119-4408
    Introduced in Senate
Mike Carey

Mike Carey

Republican Representative

Ohio

Cosponsors (15)
Dusty Johnson (Republican)Ashley Hinson (Republican)Darin LaHood (Republican)Claudia Tenney (Republican)Mariannette Miller-Meeks (Republican)J. Luis Correa (Democratic)Andrew R. Garbarino (Republican)Mike Kelly (Republican)Brad Finstad (Republican)Blake D. Moore (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Mike Bost (Republican)Randy Feenstra (Republican)Tracey Mann (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted