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H.R. 2383

American Renewable Fuel and Job Creation Act of 2017

American Renewable Fuel and Job Creation Act of 2017

This bill amends the Internal Revenue Code to modify and extend: (1) the income tax credit for biodiesel and renewable diesel used as fuel, and (2) the excise tax credit for biodiesel fuel mixtures.

The bill: (1) makes the credits available to domestic producers of the fuels rather than the policy under current law of providing a mixture credit to the blender of the fuel, (2) increases the income tax credit for certain small biodiesel producers, and (3) extends the credits through 2020.

Referred to the House Committee on Ways and Means.

Rep. Noem, Kristi L. [R-SD-At Large](R-SD)Sponsor
18 cosponsors7 D11 R
18cosponsors1committees3actions1related bills4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

American Renewable Fuel and Job Creation Act of 2017 — Informed