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Biodiesel and Renewable Diesel Tax Credits Extended Until 2025.

This act extends tax credits for producers and users of biodiesel and renewable diesel for three years, until the end of 2025. This means that companies producing or using these fuels will continue to benefit from lower tax burdens, which may affect their availability and price for consumers.
Key points
Extension of tax credits for biodiesel and renewable diesel until December 31, 2025.
Changes apply to both income tax credits and excise tax incentives for these fuels.
The aim is to support the production and use of renewable fuels, potentially impacting the environment and fuel market.
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Additional Information
Print number: 117_HR_3472
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2021-05-25