Biodiesel and Renewable Diesel Incentive Extension Act of 2016

Hozzl · 2023-01-11T13:33:50Z

Explore the details of House Bill 5994 Biodiesel and Renewable Diesel Incentive Extension Act of 2016 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/11/2023, 1:33 PM

Congressional Summary of HR 5994

Biodiesel and Renewable Diesel Incentive Extension Act of 2016

This bill amends the Internal Revenue Code to extend through 2018: (1) the income tax credit for biodiesel and renewable diesel used as fuel, (2) the excise tax credit for biodiesel mixtures, and (3) the payments that are equivalent to the biodiesel mixture excise tax credit.

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Current Status of Bill HR 5994

Bill HR 5994 is currently in the status of Bill Introduced since September 12, 2016. Bill HR 5994 was introduced during Congress 114 and was introduced to the House on September 12, 2016. Bill HR 5994's most recent activity was Referred to the House Committee on Ways and Means. as of September 12, 2016

Bipartisan Support of Bill HR 5994

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5994

Primary Policy Focus

Taxation

Potential Impact Areas

Alternative and renewable resourcesIncome tax creditsMotor fuelsSales and excise taxes

Alternate Title(s) of Bill HR 5994

Biodiesel and Renewable Diesel Incentive Extension Act of 2016Biodiesel and Renewable Diesel Incentive Extension Act of 2016To amend the Internal Revenue Code of 1986 to extend biodiesel and renewable diesel incentives.

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