H.R.3264 - Biodiesel, Renewable Diesel, and Alternative Fuels Extension Act of 2017115th Congress (2017-2018) |
|Sponsor:||Rep. Black, Diane [R-TN-6] (Introduced 07/17/2017)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/17/2017 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.3264 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (07/17/2017)
Biodiesel, Renewable Diesel, and Alternative Fuels Extension Act of 2017
This bill amends the Internal Revenue Code to extend and modify the tax credits for biodiesel, renewable diesel, and alternative fuels.
The bill extends through 2021: (1) the income tax credit for biodiesel and renewable diesel used as fuel, (2) the excise tax credit for biodiesel mixtures, (3) the excise tax credit for alternative fuels, (4) the excise tax credit for alternative fuel mixtures, and (5) the payments that are equivalent to the excise tax credits for biodiesel mixtures and alternative fuels.
Beginning in 2019, the bill phases down the credits for biodiesel, biodiesel mixtures, alternative fuels, and alternative fuel mixtures by reducing the credits by specified amounts.