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S. 2262 117th Congress Senate

Low Carbon Biofuel Credit Act

Official title: A bill to amend the Internal Revenue Code of 1986 to establish an income tax credit for the sale or blending of certain fuels containing ethanol.

Introduced: July 13, 2021 Introduced by: Amy Klobuchar Democratic · Minnesota See on congress.gov
Taxation
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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
Jun 24, 2021
Read twice and referred to the Committee on Finance.
Jun 24, 2021
Introduced in Senate
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 Latest action June 24, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Baldwin, Tammy
Wisconsin · Jul 13, 2021
 D
Smith, Tina
Minnesota · Jul 13, 2021
 R
Thune, John
South Dakota · Jun 24, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2262: Low Carbon Biofuel Credit Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2262/
MLA
"S. 2262: Low Carbon Biofuel Credit Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2262/.
Bluebook (legal)
S. 2262, 117th Cong. (2026), https://openamerica.io/bill/117-S-2262/.
Markdown link
[S. 2262: Low Carbon Biofuel Credit Act](https://openamerica.io/bill/117-S-2262/)
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