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Biodiesel Renewable Fuels Act
1/16/2023, 4:47 PM
Congressional Summary of S 1058
Biodiesel Renewable Fuels Act - Amends the Internal Revenue Code to: (1) allow a tax credit of between 3 and 20 cents per gallon for soy or specified vegetable based biodiesel fuel mixtures; and (2) make corresponding reductions to motor fuel excise taxes.
Read the Full Bill
Current Status of Bill S 1058
Bill S 1058 is currently in the status of Bill Introduced since June 19, 2001. Bill S 1058 was introduced during Congress 107 and was introduced to the Senate on June 19, 2001. Bill S 1058's most recent activity was Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6451-6452) as of June 19, 2001
Bipartisan Support of Bill S 1058
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
9Democrat Cosponsors
6Republican Cosponsors
3Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1058
Primary Policy Focus
TaxationPotential Impact Areas
- Agriculture and Food
- Alternative fuels
- Biomass energy
- Business income tax
- Commerce
- Diesel motor
- Economics and Public Finance
- Energy
- Energy tax credits
- Federal aid highway program
- Gasoline tax
- Government trust funds
- Income tax
- Oils and fats
- Oilseeds
- Tax rates
- Transportation and Public Works
Alternate Title(s) of Bill S 1058
Biodiesel Renewable Fuels Act
A bill to amend the Internal Revenue Code of 1986 to provide tax relief for farmers and the producers of biodiesel, and for other purposes.
Biodiesel Renewable Fuels Act
Comments
Sponsors and Cosponsors of S 1058
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