S 2262
117th Congress
Senate
Taxation
Low Carbon Biofuel Credit Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2021
Read twice and referred to the Committee on Finance.
Jun 24, 2021
Introduced in Senate
Plain-English summary
Low Carbon Biofuel Credit 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 no more than 15 volume percent ethanol) and other fuels containing more than 15 volume percent ethanol.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1