Biodiesel Tax Credit Extension Act of 2024
This bill extends existing federal tax credits for biodiesel and renewable diesel producers and users through 2025, replacing the previous 2024 expiration date. It directly affects biodiesel producers, refiners, and businesses using these fuels by maintaining their eligibility for tax credits on qualifying fuel sales or use. Key provisions include extending the biodiesel credit (Section 40A) and the biodiesel mixture credit (Section 6426), while adding a rule preventing double claims for fuel covered under another credit (Section 45Z(a)). The changes apply to fuel sold or used after December 31, 2024.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 18, 2024
Last action Dec 18, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 18, 2024
Committee
Read twice and referred to the Committee on Finance.
upper
Dec 18, 2024
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Thom Tillis
RRepublican
Co
Chuck Grassley
RRepublican
Co
Deb Fischer
RRepublican
Co
Joni Ernst
RRepublican
Co
Pete Ricketts
RRepublican
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