HR 4254
117th Congress
House
Taxation
Low Carbon Biofuel Act
Introduced: June 30, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 2021
Referred to the House Committee on Ways and Means.
Jun 30, 2021
Introduced in House
Plain-English summary
Low Carbon Biofuel Act
This bill allows certain taxpayers (defined by this bill as an oxygenate blender and a retailer) a new business-related income tax credit for the sale or blending of E15 gasoline (more than 13 and not more than 15 volume percent ethanol) and other fuels containing more than 15 volume percent ethanol.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1