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Extension of Biodiesel and Renewable Diesel Tax Credits Through 2025.

This Act extends crucial tax credits for producers and distributors of biodiesel and renewable diesel for another year, until the end of 2025. This continuation of financial incentives supports the renewable energy sector and may help stabilize the prices of these environmentally friendly fuels. The legislation also includes a provision to prevent double dipping, ensuring that the same fuel cannot receive tax benefits under multiple programs.
Key points
The tax credits for biodiesel and renewable diesel production and blending are extended until December 31, 2025.
The changes apply to fuel sold or used after December 31, 2024.
A denial of double benefit is introduced: if fuel qualifies for the new clean fuel credit (Section 45Z), it cannot simultaneously receive the biodiesel credits (Sections 40A and 6426).
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Additional Information
Print number: 118_S_5582
Sponsor: Sen. Tillis, Thomas [R-NC]
Process start date: 2024-12-18
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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_S_5582.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-12-18.

What are the main provisions?

Key points include:

  • The tax credits for biodiesel and renewable diesel production and blending are extended until December 31, 2025.
  • The changes apply to fuel sold or used after December 31, 2024.
  • A denial of double benefit is introduced: if fuel qualifies for the new clean fuel credit (Section 45Z), it cannot simultaneously receive the biodiesel credits (Sections 40A and 6426).
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 Sen. Tillis, Thomas [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Environment Economy