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Low Carbon Biofuel Credit Act
12/31/2022, 5:26 AM
Congressional Summary of S 2262
Low Carbon Biofuel Credit Act
This bill allows certain taxpayers (defined by this bill as an oxygenate blender and a retailer) a new business-related income tax credit for the sale or blending of E15 gasoline (more than 13 and no more than 15 volume percent ethanol) and other fuels containing more than 15 volume percent ethanol.
Read the Full Bill
Current Status of Bill S 2262
Bill S 2262 is currently in the status of Bill Introduced since June 24, 2021. Bill S 2262 was introduced during Congress 117 and was introduced to the Senate on June 24, 2021. Bill S 2262's most recent activity was Read twice and referred to the Committee on Finance. as of June 24, 2021
Bipartisan Support of Bill S 2262
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
2Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2262
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 2262
A bill to amend the Internal Revenue Code of 1986 to establish an income tax credit for the sale or blending of certain fuels containing ethanol.
Low Carbon Biofuel Credit Act
Low Carbon Biofuel Credit Act
Comments
Sponsors and Cosponsors of S 2262
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