To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers. The main policy domain is Energy, Transportation, Finance.
Who Benefits and How
energy producers, utilities, and energy consumers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, energy producers, utilities, and energy consumers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H3C5D3893423441D0BF414DC9764A347A: 1. Credit for renewable materials production Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the...
- Section HC74016B285C549DEBCCB7A142C06E633: 45BB. Renewable materials production credit For purposes of section 38, the renewable materials production credit for any taxable year is an amount equal to...
- Section HA08E201855334806B48C30E0907FA777: 2. Credit for renewable materials investment Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the...
- Section H137457D1BBBA4B2ABDE23CE60B78B504: 48F. Renewable materials investment credit For purposes of section 46, the renewable materials investment credit for any taxable year is an amount equal to 30...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Key Policy Areas
Energy, Transportation, Finance
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Policy Domains
Whole bill
Identified Gains
- energy producers, utilities, and energy consumers
Identified Costs
- federal implementing agencies
- energy producers, utilities, and energy consumers
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
Mrs. Fischbach (for herself and Ms. Budzinski) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_agriculture"
- → Secretary of Agriculture
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology