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117TH CONGRESS
1ST SESSION H. R. 3272
To amend the Internal Revenue Code of 1986 to extend biodiesel and
renewable diesel incentives, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MAY 17, 2021
Mr. COSTA (for himself and Mr. VALADAO) introduced the following bill; which
was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend
biodiesel and renewable diesel incentives, and for other
purposes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Biodiesel, Renewable
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Diesel, and Alternative Fuels Extension Act of 2021’’.
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SEC. 2. EXTENSION OF BIODIESEL AND RENEWABLE DIE-
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SEL INCENTIVES.
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(a) INCOME TAX CREDIT.—
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(1) EXTENSION.—Subsection (g) of section 40A
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of the Internal Revenue Code of 1986 is amended by
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•HR 3272 IH
striking ‘‘December 31, 2022’’ and inserting ‘‘De-
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cember 31, 2025’’.
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(2) PHASEDOWN.—Subsection (b) of section
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40A of such Code is amended by adding at the end
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the following:
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‘‘(5) PHASEDOWN.—In the case of taxable
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years beginning after 2022, paragraphs (1)(A) and
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(2)(A) shall each be applied by substituting for
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‘$1.00’ the following:
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‘‘(A) ‘$0.75’ for taxable years beginning in
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2023, and
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‘‘(B) ‘$0.50’ for taxable years beginning
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after 2023.’’.
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(b) EXCISE TAX INCENTIVES.—
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(1) CREDIT.—Paragraph (6) of section 6426(c)
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of such Code is amended by striking ‘‘December 31,
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2022’’ and inserting ‘‘December 31, 2025’’.
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(2) PAYMENTS.—Subparagraph (B) of section
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6427(e)(6) of such Code is amended by striking
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‘‘December 31, 2022’’ and inserting ‘‘December 31,
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2025’’.
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(3) PHASEDOWN.—Paragraph (2) of section
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6426(c) of such Code is amended by inserting before
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the period at the end the following: ‘‘($0.75 for fuel
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•HR 3272 IH
sold or used in 2023 and $0.50 for fuel sold or used
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after 2023)’’.
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(c) EFFECTIVE DATE.—The amendments made by
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this section shall apply to fuel sold or used after December
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31, 2021.
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SEC. 3. EXTENSION OF EXCISE TAX CREDITS RELATING TO
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ALTERNATIVE FUELS.
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(a) EXTENSION OF ALTERNATIVE FUELS EXCISE
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TAX CREDITS.—
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(1) IN
GENERAL.—Paragraph (5) of section
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6426(d) and paragraph (3) of section 6426(e) of the
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Internal Revenue Code of 1986 are each amended by
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striking ‘‘December 31, 2021’’ and inserting ‘‘De-
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cember 31, 2025’’.
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(2) OUTLAY
PAYMENTS
FOR
ALTERNATIVE
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FUELS.—Subparagraph (C) of section 6427(e)(6) of
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such Code is amended by striking ‘‘December 31,
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2021’’ and inserting ‘‘December 31, 2025’’.
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(3) PHASEDOWN.—
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(A) ALTERNATIVE
FUEL
CREDIT.—Para-
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graph (1) of section 6426(d) of such Code is
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amended by inserting ‘‘(37.5 cents for fuel sold
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or used in 2023 and 25 cents for fuel sold or
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used after 2023)’’ after ‘‘50 cents’’.
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(B) ALTERNATIVE FUEL MIXTURE CRED-
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IT.—Paragraph (1) of section 6426(e) of such
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Code is amended by inserting ‘‘(37.5 cents for
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fuel sold or used in 2023 and 25 cents for fuel
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sold or used after 2023)’’ after ‘‘50 cents’’.
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(b) EFFECTIVE DATE.—The amendments made by
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this section shall apply to fuel sold or used after December
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31, 2021.
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Æ
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