S 2353
114th Congress
Senate
Taxation
Alternative and renewable resources
Income tax credits
Motor fuels
Sales and excise taxes
Biodiesel Tax Incentive Reform and Extension Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)
Dec 3, 2015
Introduced in Senate
Plain-English summary
Biodiesel Tax Incentive Reform and Extension Act of 2015
This bill amends the Internal Revenue Code to: (1) extend through March 31, 2016, the income tax credit for biodiesel and renewable diesel used as fuel and the excise tax credit for biodiesel fuel mixtures, (2) allow through 2018 a new income and excise tax credit equal to $1.00 for each gallon of biodiesel produced, and (3) provide for an increased credit for small biodiesel producers.
What's happening now
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)
Committees of jurisdiction
1