Senate Bill 944
115th Congress(2017-2018)
American Renewable Fuel and Job Creation Act of 2017
Introduced
Introduced in Senate on Apr 26, 2017
Origin Chamber
Senate
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
944
Congress
115
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 Senate votes have been held for this bill.
Summary
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.
April 26, 2017
04/26/2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
04/26/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:36:56 PM