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HR 4953 112th Congress House

Qualifying Renewable Chemical Production Tax Credit Act of 2012

Official title: To amend the Internal Revenue Code of 1986 to provide a credit for the production of renewable chemicals.

Introduced: July 10, 2012 See on congress.gov
Taxation Alternative and renewable resourcesIncome tax creditsManufacturingMaterials
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2012
Referred to the Subcommittee on Trade.
Apr 26, 2012
Referred to the House Committee on Ways and Means.
Apr 26, 2012
Introduced in House
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 Latest action May 2, 2012

Referred to the Subcommittee on Trade.

 Plain-English summary Congressional Research Service

Qualifying Renewable Chemical Production Tax Credit Act of 2012 - Amends the Internal Revenue Code to allow a business-related tax credit for the production of renewable chemicals. 

Defines "renewable chemical" as any chemical that is: (1) produced in the United States from renewable biomass; (2) sold or used by the taxpayer as polymers, plastics, or formulated products or for the production of polymers, plastics, or formulated products; and (3) not sold or used for the production of any food, feed, or fuel. 

Directs the Secretary of Agriculture to establish a five-year program to allocate credit amounts. Limits the total amount of allocable credits under such program to $500 million, with a limit of $25 million to any taxpayer in any taxable year.

 Related & companion bills 1
  • S 3491 Related bill Qualifying Renewable Chemical Production Tax Credit Act of 2012
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1
D
Neal, Richard E.
Massachusetts · Jul 10, 2012
BILBRAY, BRIAN
· Apr 26, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4953: Qualifying Renewable Chemical Production Tax Credit Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4953/
MLA
"H.R. 4953: Qualifying Renewable Chemical Production Tax Credit Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4953/.
Bluebook (legal)
H.R. 4953, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4953/.
Markdown link
[H.R. 4953: Qualifying Renewable Chemical Production Tax Credit Act of 2012](https://openamerica.io/bill/112-HR-4953/)
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