S 944
115th Congress
Senate
Taxation
Alternative and renewable resources
Income tax credits
Motor fuels
Sales and excise taxes
American Renewable Fuel and Job Creation Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
Apr 26, 2017
Introduced in Senate
Plain-English summary
American Renewable Fuel and Job Creation Act of 2017
This bill amends the Internal Revenue Code to modify and extend: (1) the income tax credit for biodiesel and renewable diesel used as fuel, and (2) the excise tax credit for biodiesel fuel mixtures.
The bill: (1) makes the credits available to domestic producers of the fuels rather than the policy under current law of providing a mixture credit to the blender of the fuel, (2) increases the income tax credit for certain small biodiesel producers, and (3) extends the credits through 2020.
What's happening now
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
Committees of jurisdiction
1