S. 944 · 115th Congress
American Renewable Fuel and Job Creation Act of 2017
- Stage
- In committee
- Sponsor
- Chuck Grassley
- Introduced
- 2017-04-26
- Latest action
- 2017-04-26 · Introduced in Senate
Summary
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.