Sign Up
HR 4254 United States House · 117th Congress

Low Carbon Biofuel Act

Summary
Low Carbon Biofuel Act This bill allows certain taxpayers (defined by this bill as an oxygenate blender and a retailer ) a new business-related income tax credit for the sale or blending of E15 gasoline (more than 13 and not more than 15 volume percent ethanol) and other fuels containing more than 15 volume percent ethanol.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides business tax credit for biofuel sales, directly impacting tax policy and fiscal incentives for specific industries.85% confidence ✓ EnergySupports EnergyPromotes renewable ethanol biofuels via tax credits, reducing fossil fuel dependence and advancing clean energy adoption.95% confidence ✓ EnvironmentSupports EnvironmentBill promotes E15 ethanol blend (lower-carbon fuel) via tax credits, aligning with clean energy and emissions reduction goals per its title and summary.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation by incentivizing biofuel use in vehicles via tax credits for E15 blending/sales, aligning with sustainable transportation indicators.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 30, 2021 Last action Jun 30, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jun 30, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jun 30, 2021
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Cynthia Axne
Cynthia Axne
DDemocratic
IA
3
Co
Photo of Adrian Smith
Adrian Smith
RRepublican
NE
3
Co
Photo of Angie Craig
Angie Craig
DDemocratic
MN
2
Co
Photo of Cheri Bustos
Cheri Bustos
DDemocratic
IL
17