H.R.2383 - American Renewable Fuel and Job Creation Act of 2017115th Congress (2017-2018) |
|Sponsor:||Rep. Noem, Kristi L. [R-SD-At Large] (Introduced 05/04/2017)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 05/04/2017 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2383 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (05/04/2017)
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.