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Extension of Second Generation Biofuel Tax Credits and Prevention of Double Benefits.

This act extends tax credits for second-generation biofuel producers until 2026. It aims to support clean fuel production while preventing companies from receiving two separate tax benefits for the same product. Citizens may experience an indirect impact through stable fuel prices and the development of green technologies.
Key points
Extends the tax credit for second-generation biofuel production until January 1, 2026.
Ensures companies cannot claim two different tax credits for the same biofuel production, promoting fairness.
Changes apply to qualified second-generation biofuel production after December 31, 2024.
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Expired
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Additional Information
Print number: 118_HR_10104
Sponsor: Rep. Miller-Meeks, Mariannette [R-IA-1]
Process start date: 2024-11-08
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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

Second Generation Biofuel Producer Credit Extension Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10104.

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 2024-11-08.

What are the main provisions?

Key points include:

  • Extends the tax credit for second-generation biofuel production until January 1, 2026.
  • Ensures companies cannot claim two different tax credits for the same biofuel production, promoting fairness.
  • Changes apply to qualified second-generation biofuel production after December 31, 2024.
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. Miller-Meeks, Mariannette [R-IA-1].

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 2025-12-24.

CATEGORIES

Taxes Environment Economy