S-2353 : Still Just a Bill


Biodiesel Tax Incentive Reform and Extension Act of 2015

This bill amends the Internal Revenue Code to: (1) extend through March 31, 2016, the income tax credit for biodiesel and renewable diesel used as fuel and the excise tax credit for biodiesel fuel mixtures, (2) allow through 2018 a new income and excise tax credit equal to $1.00 for each gallon of biodiesel produced, and (3) provide for an increased credit for small biodiesel producers.

Action Timeline

Action DateTypeTextSource
2015-12-03IntroReferralRead twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8380-8381)Senate
2015-12-03IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

Taxation
Related Subjects
  • Alternative and renewable resources
  • Income tax credits
  • Motor fuels
  • Sales and excise taxes
Related Geographic Entities
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