US HB5240 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 13 2016 - 25% progression, died in committee
Action: 2016-05-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 13 2016 - 25% progression, died in committee
Action: 2016-05-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Biodiesel Tax Incentive Reform and Extension Act of 2016 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 2019.
Title
Biodiesel Tax Incentive Reform and Extension Act of 2016
Sponsors
| Rep. Kristi Noem [R-SD] | Rep. Bill Pascrell [D-NJ] | Rep. Collin Peterson [D-MN] | Rep. David Loebsack [D-IA] |
| Rep. Adrian Smith [R-NE] | Rep. Rod Blum [R-IA] | Rep. Jason Smith [R-MO] | Rep. Mark Takai [D-HI] |
| Rep. Sanford Bishop [D-GA] | Rep. Ann Kuster [D-NH] | Rep. Steve King [R-IA] | Rep. David Young [R-IA] |
| Rep. Brett Guthrie [R-KY] | Rep. Blaine Luetkemeyer [R-MO] | Rep. Ann Wagner [R-MO] | Rep. David Cicilline [D-RI] |
| Rep. Sam Graves [R-MO] | Rep. Timothy Walz [D-MN] | Rep. Cheri Bustos [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-05-13 | House | Referred to the House Committee on Ways and Means. |
| 2016-05-13 | House | Introduced in House |
Same As/Similar To
HB4040 (Related) 2015-11-17 - Referred to the House Committee on Ways and Means.
SB1946 (Related) 2015-08-05 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 198.
SB2353 (Related) 2015-12-03 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)
SB2391 (Related) 2015-12-10 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8607-8609)
SB1946 (Related) 2015-08-05 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 198.
SB2353 (Related) 2015-12-03 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)
SB2391 (Related) 2015-12-10 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8607-8609)
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/5240/all-info |
| Text | https://www.congress.gov/114/bills/hr5240/BILLS-114hr5240ih.pdf |
