American Renewable Fuel and Job Creation Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 26, 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.
What just happenedApr 26, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
Who’s behind it
- Introduced in SenateApr 26, 2017
- Apr 26, 2017IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2554-2555)
Finance Committee - Apr 26, 2017IntroReferral10000
Introduced in Senate