Qualifying Renewable Chemical Production Tax Credit Act of 2013
Qualifying Renewable Chemical Production Tax Credit Act of 2013 - Expresses the sense of Congress that the United States should encourage the domestic production of renewable chemicals.
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 for the production of chemical products, polymers, plastics, or as chemicals, polymers, plastics, or formulated products; and (3) not sold or used for the production of any food, feed, or fuel. Exempts certain chemicals, including those with a biobased content of less than 25%.
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.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3084 — Qualifying Renewable Chemical Production Tax Credit Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-3084/
"H.R. 3084 — Qualifying Renewable Chemical Production Tax Credit Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-3084/.
H.R. 3084, 113th Cong. (2026), https://openamerica.io/bill/113-HR-3084/.
[H.R. 3084 — Qualifying Renewable Chemical Production Tax Credit Act of 2013](https://openamerica.io/bill/113-HR-3084/)