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Ending Tax Credits for Biofuels and Alternative Fuels

This act repeals several tax credits that currently support the production and sale of alternative fuels, such as alcohol fuels, biodiesel, and sustainable aviation fuel. This means that producers of these fuels will no longer receive financial support from the government, which may affect their prices and availability in the market.
Key points
Repeal of tax credits for producers of alcohol fuels, biodiesel, and sustainable aviation fuel.
Elimination of credits for clean fuel production and alternative fuel mixtures.
Potential increase in prices of alternative fuels and decrease in their availability for consumers.
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Expired
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Additional Information
Print number: 118_HR_2902
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2023-04-26
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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

Restoring Fuel Market Freedom Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2902.

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 2023-04-26.

What are the main provisions?

Key points include:

  • Repeal of tax credits for producers of alcohol fuels, biodiesel, and sustainable aviation fuel.
  • Elimination of credits for clean fuel production and alternative fuel mixtures.
  • Potential increase in prices of alternative fuels and decrease in their availability for consumers.
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. Perry, Scott [R-PA-10].

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 2025-12-25.

CATEGORIES

Taxes Environment Economy