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Biodiesel Tax Credits Extended Through 2025 to Support Renewable Fuels.

This law extends crucial tax credits for producers and blenders of biodiesel and renewable diesel through the end of 2025. The goal is to support the market for cleaner fuels and maintain their price competitiveness, indirectly benefiting consumers through potential fuel price stability. The act also includes rules preventing companies from claiming multiple tax benefits for the same fuel.
Key points
Tax credits for producing and blending biodiesel, set to expire in 2024, are extended for one additional year, until December 31, 2025.
The extension aims to encourage the continued use of renewable fuels, potentially impacting fuel price stability and supporting environmental goals.
New rules prohibit claiming this credit if another specific clean fuel production credit has already been claimed for the same fuel.
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Additional Information
Print number: 118_HR_9060
Sponsor: Rep. Carey, Mike [R-OH-15]
Process start date: 2024-07-18
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Biodiesel Tax 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_9060.

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 2024-07-18.

What are the main provisions?

Key points include:

  • Tax credits for producing and blending biodiesel, set to expire in 2024, are extended for one additional year, until December 31, 2025.
  • The extension aims to encourage the continued use of renewable fuels, potentially impacting fuel price stability and supporting environmental goals.
  • New rules prohibit claiming this credit if another specific clean fuel production credit has already been claimed for the same fuel.
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. Carey, Mike [R-OH-15].

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