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Senate Bill 1806
117th Congress(2021-2022)
Biodiesel Tax Credit Extension Act of 2021
Introduced
Introduced
Introduced in Senate on May 25, 2021
Overview
Text
Introduced in Senate 
May 25, 2021
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Introduced in Senate(May 25, 2021)
May 25, 2021
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Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 1806 (Introduced-in-Senate)


117th CONGRESS
1st Session
S. 1806


To amend the Internal Revenue Code of 1986 to extend tax incentives for biodiesel and renewable diesel.

IN THE SENATE OF THE UNITED STATES

May 25, 2021

Mr. Grassley (for himself, Ms. Cantwell, Ms. Ernst, Ms. Klobuchar, Mr. Marshall, Mrs. Shaheen, Mrs. Fischer, Mrs. Murray, Mr. Rounds, Ms. Smith, and Ms. Hirono) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to extend tax incentives for biodiesel and renewable diesel.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Biodiesel Tax Credit Extension Act of 2021”.

SEC. 2. Extension of tax incentives for biodiesel and renewable diesel.

(a) Income tax credit.—

(1) IN GENERAL.—Section 40A(g) is amended by striking “December 31, 2022” and inserting “December 31, 2025”.

(2) EFFECTIVE DATE.—The amendment made by this subsection shall apply to fuel sold or used after December 31, 2022.

(b) Excise tax incentives.—

(1) TERMINATION.—

(A) IN GENERAL.—Section 6426(c)(6) is amended by striking “December 31, 2022” and inserting “December 31, 2025”.

(B) PAYMENTS.—Section 6427(e)(6)(B) is amended by striking “December 31, 2022” and inserting “December 31, 2025”.

(2) EFFECTIVE DATE.—The amendments made by this subsection shall apply to fuel sold or used after December 31, 2022.