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Tax credits for producing and investing in renewable bio-based materials

This bill introduces new tax incentives for companies that manufacture products from biomass to support the growth of the green industry. These changes aim to lower production costs for bio-based materials, potentially increasing the availability of sustainable goods.
Key points
A tax credit of 10 cents for every pound of qualified renewable material produced.
A 30% tax credit for investments in equipment and facilities used for renewable materials.
Excludes materials used for fuel, food, animal feed, or electricity generation.
The annual production credit is capped at $10 million per facility.
Credits apply only to materials produced within the United States.
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Status:
Introduced
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Additional Information
To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.
Print number: HR 8137
Sponsor: Rep. Fischbach, Michelle [R-MN-7]
Process start date: 2026-03-27
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax credits for producing and investing in renewable bio-based materials

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 8137.

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 2026-03-27.

What are the main provisions?

Key points include:

  • A tax credit of 10 cents for every pound of qualified renewable material produced.
  • A 30% tax credit for investments in equipment and facilities used for renewable materials.
  • Excludes materials used for fuel, food, animal feed, or electricity generation.
  • The annual production credit is capped at $10 million per facility.
  • Credits apply only to materials produced within the United States.

What is the specific legal status?

The current status is Introduced.

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. Fischbach, Michelle [R-MN-7].

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 2026-04-13.

Analysis and Potential Impact of HR 8137

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes Environment Economy