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Tax Credits for Ethanol Fuel Sales and Blending

This act introduces new tax credits for businesses that sell or blend fuels containing ethanol, such as E15. The goal is to encourage wider use of biofuels, which could impact fuel availability and prices at gas stations. Small retailers may receive refundable credits, supporting their competitiveness.
Key points
Businesses blending ethanol fuel (e.g., E15) will receive a 5-cent credit per gallon, and 10 cents for fuel with over 15% ethanol.
Fuel retailers (e.g., gas stations) can also receive these credits if the blender has not claimed them previously.
Small retailers (up to 5 locations) may receive refundable credits, meaning they can get money back even if they don't have enough tax liability to offset.
The provisions apply to fuel blended or sold after December 31, 2021.
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Additional Information
Print number: 117_HR_4254
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2021-06-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Low Carbon Biofuel Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4254.

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 2021-06-30.

What are the main provisions?

Key points include:

  • Businesses blending ethanol fuel (e.g., E15) will receive a 5-cent credit per gallon, and 10 cents for fuel with over 15% ethanol.
  • Fuel retailers (e.g., gas stations) can also receive these credits if the blender has not claimed them previously.
  • Small retailers (up to 5 locations) may receive refundable credits, meaning they can get money back even if they don't have enough tax liability to offset.
  • The provisions apply to fuel blended or sold after December 31, 2021.
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. Axne, Cynthia [D-IA-3].

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 2025-12-28.

CATEGORIES

Taxes Environment Economy