To amend the Internal Revenue Code of 1986 to temporarily reinstate the biodiesel fuels credit, and for other purposes.
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
The bill creates reinstates the biodiesel fuels tax credit (IRC Section 40A) through May 31, 2026, extending the expiration date from December 31, 2024. It relies on tax credits. The main policy areas are Energy, Trade, and Agriculture.
Who Benefits and How
Renewable diesel producers could gain revenue opportunities, Biodiesel producers and refineries could gain revenue opportunities, and Fuel blenders and distributors mixing biodiesel could gain revenue opportunities.
Who Bears the Burden and How
Federal Treasury could face higher costs.
Key Provisions
- Creates reinstates the biodiesel fuels tax credit (IRC Section 40A) through May 31, 2026, extending the expiration date from December 31, 2024.
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
The bill creates reinstates the biodiesel fuels tax credit (IRC Section 40A) through May 31, 2026, extending the expiration date from December 31, 2024.
Key Policy Areas
Energy, Trade, Agriculture
Primary Purpose
The bill creates reinstates the biodiesel fuels tax credit (IRC Section 40A) through May 31, 2026, extending the expiration date from December 31, 2024.
Policy Domains
Section 1 - Short Title
Identified Gains
- Renewable diesel producers
- Biodiesel producers and refineries
- Fuel blenders and distributors mixing biodiesel
- Soybean farmers and agricultural feedstock suppliers
- Rendering companies and animal fat suppliers
Identified Costs
- Federal Treasury
Legislative Progress
IntroducedMrs. Blackburn introduced the following bill; which was read twice …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Biodiesel producers and refineries, Renewable diesel producers
Soybean farmers and agricultural feedstock suppliers
Rendering companies and animal fat suppliers
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
Key Definitions
Terms defined in this bill
Tax credit under IRC Section 40A providing incentives for biodiesel and renewable diesel production and use
Tax credit under IRC Section 45Z for clean fuel production, enacted under the Inflation Reduction Act
Excise tax credit for fuel blenders mixing biodiesel with petroleum diesel
Refund provisions for excise taxes on fuels, including biodiesel payment provisions
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.
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