S. 2353 · 114th Congress
Biodiesel Tax Incentive Reform and Extension Act of 2015
- Stage
- In committee
- Sponsor
- Chuck Grassley
- Introduced
- 2015-12-03
- Latest action
- 2015-12-03 · Introduced in Senate
Summary
Biodiesel Tax Incentive Reform and Extension Act of 2015
This bill amends the Internal Revenue Code to: (1) extend through March 31, 2016, the income tax credit for biodiesel and renewable diesel used as fuel and the excise tax credit for biodiesel fuel mixtures, (2) allow through 2018 a new income and excise tax credit equal to $1.00 for each gallon of biodiesel produced, and (3) provide for an increased credit for small biodiesel producers.