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S. 944

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.

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)

Sen. Grassley, Chuck [R-IA](R-IA)Sponsor
16 cosponsors12 D4 R
16cosponsors1committees2actions1related bills4subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

American Renewable Fuel and Job Creation Act of 2017 — Informed