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HR 2532 117th Congress House Taxation Alternative and renewable resources Income tax credits Industrial facilities Manufacturing Materials

Renewable Chemicals Act of 2021

Introduced: April 14, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2021
Referred to the House Committee on Ways and Means.
Apr 14, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Renewable Chemicals Act of 2021

This bill allows a new tax credit for the production of renewable chemicals. Specifically, it allows a credit for up to 15% of the sales price of each pound of a renewable chemical. A renewable chemical is any chemical that is produced in the United States from renewable biomass and is not less than 95% biobased content.

The bill also allows a 30% tax credit for investment in renewable chemical production facilities.

What's happening now April 14, 2021

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Phillips, Dean
· Jul 14, 2022
 R
Fitzpatrick, Brian K.
Pennsylvania · Apr 14, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2532: Renewable Chemicals Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2532/
MLA
"H.R. 2532: Renewable Chemicals Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2532/.
Bluebook (legal)
H.R. 2532, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2532/.
Markdown link
[H.R. 2532: Renewable Chemicals Act of 2021](https://openamerica.io/bill/117-HR-2532/)
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