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Extending Tax Credits for Biodiesel and Renewable Fuels Until 2026.

This law extends important tax credits for companies producing and distributing biodiesel and other renewable fuels until the end of 2026. This supports the market for cleaner energy sources and environmental protection efforts. New rules are included to prevent companies from claiming two different tax benefits for the same fuel, ensuring taxpayer money is used efficiently.
Key points
Tax credits for biodiesel production and mixtures, as well as renewable diesel, are extended for two years, through 2026.
The extension aims to support the clean fuel industry, potentially leading to more stable prices and greater availability of environmentally friendly energy.
New provisions prevent companies from receiving both this credit and the new Clean Fuel Production Credit for the same fuel, avoiding double government subsidies.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_3137
Sponsor: Rep. Carey, Mike [R-OH-15]
Process start date: 2025-05-01