Summary: S.3188 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.3188. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (07/13/2016)

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.