S. 944 · 115th Congress

American Renewable Fuel and Job Creation Act of 2017

Stage
In committee
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.