HR 9060 United States House · 118th Congress

Biodiesel Tax Credit Extension Act of 2024

HR 9060 extends tax credits for biodiesel and renewable diesel producers and users through 2025, replacing the previous 2024 expiration date. It amends the Internal Revenue Code to extend the biodiesel credit (Section 40A) and biodiesel mixture credit (Section 6426) for fuels sold or used after December 31, 2024. The bill also adds a provision preventing double benefits by requiring the credit amount to be zero for fuels already claiming another credit under Section 45Z(a). This directly affects biodiesel producers, refiners, and businesses using these fuels for tax purposes.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
President
Introduced Jul 18, 2024 Last action Jul 18, 2024