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Biodiesel and Alternative Fuels Tax Credits Extended Until 2025.

This act extends tax credits for producers and users of biodiesel, renewable diesel, and other alternative fuels until the end of 2025. This means companies producing and selling these fuels will continue to receive financial support, potentially affecting their availability and market prices. The value of these credits will be gradually reduced starting in 2023.
Key points
Tax credits for biodiesel and renewable diesel, set to expire in 2022, are extended until December 31, 2025.
The value of biodiesel and renewable diesel tax credits will be phased down: from $1.00 per gallon to $0.75 in 2023 and $0.50 after 2023.
Tax credits for other alternative fuels, set to expire in 2021, are also extended until December 31, 2025.
The value of alternative fuel tax credits will be phased down: from 50 cents per gallon to 37.5 cents in 2023 and 25 cents after 2023.
These changes may support the growth of renewable and alternative fuel markets, potentially impacting transportation costs and the availability of eco-friendly options for citizens.
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Additional Information
Print number: 117_HR_3272
Sponsor: Rep. Costa, Jim [D-CA-16]
Process start date: 2021-05-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Biodiesel, Renewable Diesel, and Alternative Fuels Extension Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3272.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-17.

What are the main provisions?

Key points include:

  • Tax credits for biodiesel and renewable diesel, set to expire in 2022, are extended until December 31, 2025.
  • The value of biodiesel and renewable diesel tax credits will be phased down: from $1.00 per gallon to $0.75 in 2023 and $0.50 after 2023.
  • Tax credits for other alternative fuels, set to expire in 2021, are also extended until December 31, 2025.
  • The value of alternative fuel tax credits will be phased down: from 50 cents per gallon to 37.5 cents in 2023 and 25 cents after 2023.
  • These changes may support the growth of renewable and alternative fuel markets, potentially impacting transportation costs and the availability of eco-friendly options for citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Costa, Jim [D-CA-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Environment Economy