HR 4181 · 114th Congress · Taxation

Biodiesel Tax Incentive Reform and Extension Act of 2015

Introduced 2015-12-03· Sponsored by Rep. Noem, Kristi L. [R-SD-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2015-12-03)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (5)

1 Democrat4 Republicans