US HB4181 | 2015-2016 | 114th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2015-12-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Biodiesel Tax Incentive Reform and Extension Act of 2015 This bill amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced, (2) provide for an increased income tax credit for small biodiesel producers, (3) revise the definitions of "biodiesel" and "eligible small biodiesel producer," (4) treat renewable diesel in the same manner as biodiesel for income tax purposes, and (5) extend the biodiesel income and excise tax credits through December 31, 2018.

Tracking Information

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Title

Biodiesel Tax Incentive Reform and Extension Act of 2015

Sponsors


History

DateChamberAction
2015-12-03HouseReferred to the House Committee on Ways and Means.
2015-12-03HouseIntroduced in House

Same As/Similar To

SB2353 (Related) 2015-12-03 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)

Subjects


US Congress State Sources


Bill Comments

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