US SB3188 | 2015-2016 | 114th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 12-6)
Status: Introduced on July 13 2016 - 25% progression, died in committee
Action: 2016-07-13 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5085)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Biodiesel Tax Incentive Reform and Extension Act of 2016

Sponsors


History

DateChamberAction
2016-07-13SenateRead twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5085)

Subjects


US Congress State Sources


Bill Comments

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