To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is available on a renewable or recurring…
Official title: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is av… Show full official titleShow less
Official title: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is available on a renewable or recurring basis.
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Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code to allow a tax credit for qualifying biomaterial produced by a taxpayer for business use. Limits the annual amount of such credit to $125 million. Defines "qualifying biomaterial" as a commercial or industrial product produced by chemically or biologically transforming feedstocks at least 75% of which are used to produce organic matter available on a renewable or recurring basis.
- Introduced in House Formatted Text PDF Formatted XML
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U.S. Congress. (2026). H.R. 3586: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is available on a renewable or recurring basis.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-3586/
"H.R. 3586: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is available on a renewable or recurring basis.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-3586/.
H.R. 3586, 110th Cong. (2026), https://openamerica.io/bill/110-HR-3586/.
[H.R. 3586: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is available on a renewable or recurring basis.](https://openamerica.io/bill/110-HR-3586/)