Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
117TH CONGRESS
1ST SESSION H. R. 3472
To amend the Internal Revenue Code of 1986 to extend for 3 years tax
credits with respect to biodiesel and renewable diesel.
IN THE HOUSE OF REPRESENTATIVES
MAY 25, 2021
Mrs. AXNE (for herself, Mr. KELLY of Pennsylvania, Mrs. HINSON, Mr.
BACON, Mr. BOST, Mrs. BUSTOS, Mr. COURTNEY, Ms. CRAIG, Ms.
DELAURO, Mr. FEENSTRA, Mrs. FISCHBACH, Mr. GUEST, Mr.
HAGEDORN, Mr. HIMES, Mr. JOHNSON
of South Dakota, Mr.
KINZINGER, Mr. LAHOOD, Mr. LARSON of Connecticut, Mrs. MILLER-
MEEKS, Mr. PENCE, Ms. SEWELL, Mrs. WALORSKI, Ms. NEWMAN, Mr.
HERN, Mr. CICILLINE, and Mrs. WAGNER) 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
for 3 years tax credits with respect to biodiesel and
renewable diesel.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Biodiesel Tax Credit
4
Extension Act of 2021’’.
5
SEC. 2. BIODIESEL AND RENEWABLE DIESEL.
6
(a) INCOME TAX CREDIT.—
7
VerDate Sep 11 2014
07:27 Jun 22, 2021
Jkt 019200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H3472.IH
H3472
kjohnson on DSK79L0C42PROD with BILLS
2
•HR 3472 IH
(1) IN GENERAL.—Section 40A(g) of the Inter-
1
nal Revenue Code of 1986 is amended by striking
2
‘‘2022’’ and inserting ‘‘2025’’.
3
(2) EFFECTIVE DATE.—The amendment made
4
by this subsection shall apply to fuel sold or used
5
after December 31, 2022.
6
(b) EXCISE TAX INCENTIVES.—
7
(1) TERMINATION.—
8
(A) IN GENERAL.—Section 6426(c)(6) of
9
such Code is amended by striking ‘‘2022’’ and
10
inserting ‘‘2025’’.
11
(B) PAYMENTS.—Section 6427(e)(6)(B) of
12
such Code is amended by striking ‘‘2022’’ and
13
inserting ‘‘2025’’.
14
(2) EFFECTIVE DATE.—The amendments made
15
by this subsection shall apply to fuel sold or used
16
after December 31, 2022.
17
Æ
VerDate Sep 11 2014
07:27 Jun 22, 2021
Jkt 019200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6301
E:\BILLS\H3472.IH
H3472
kjohnson on DSK79L0C42PROD with BILLS