House Bill 3272
117th Congress(2021-2022)
Biodiesel, Renewable Diesel, and Alternative Fuels Extension Act of 2021
Introduced
Introduced in House on May 17, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3272
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Biodiesel, Renewable Diesel, and Alternative Fuels Extension Act of 2021
This bill extends and modifies the tax credits for biodiesel, renewable diesel, and alternative fuels.
The bill extends through 2025 (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 2023, the bill phases down the credits for biodiesel, biodiesel mixtures, alternative fuels, and alternative fuel mixtures by reducing the credits by specified amounts.
May 17, 2021
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05/17/2021
Referred to the House Committee on Ways and Means.
05/17/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:49:44 PM