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]
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.
Title
Biodiesel Tax Incentive Reform and Extension Act of 2016
Sponsors
Sen. Chuck Grassley [R-IA] | Sen. Maria Cantwell [D-WA] | Sen. Pat Roberts [R-KS] | Sen. Heidi Heitkamp [D-ND] |
Sen. John Thune [R-SD] | Sen. Sheldon Whitehouse [D-RI] | Sen. Mark Kirk [R-IL] | Sen. Martin Heinrich [D-NM] |
Sen. Joni Ernst [R-IA] | Sen. Joe Donnelly [D-IN] | Sen. Roy Blunt [R-MO] | Sen. Mazie Hirono [D-HI] |
Sen. Al Franken [D-MN] | Sen. Patty Murray [D-WA] | Sen. Amy Klobuchar [D-MN] | Sen. Edward Markey [D-MA] |
Sen. Jeanne Shaheen [D-NH] | Sen. Tom Udall [D-NM] |
History
Date | Chamber | Action |
---|---|---|
2016-07-13 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5085) |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/3188/all-info |
Text | https://www.congress.gov/114/bills/s3188/BILLS-114s3188is.pdf |