3.0.0 1267 2023-01-11T13:24:37Z 2023-01-11T13:24:37Z Senate S S 2013-06-27 113 ssfi00 Finance Committee Senate Standing Referred to 2013-06-27T22:36:22Z Qualifying Renewable Chemical Production Tax Credit Act of 2013 113 3084 HR 2013-09-12 Referred to the House Committee on Ways and Means. Related bill CRS 2013-06-27 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2013-06-27 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2013-10-28 False Taxation Alternative and renewable resources Income tax credits Manufacturing Materials Taxation 00 2013-06-27 Introduced in Senate 2013-07-11T18:47:40Z Qualifying Renewable Chemical Production Tax Credit Act of 2013 - Amends the Internal Revenue Code to allow a business-related tax credit for the production of renewable chemicals. 

Defines "renewable chemical" as any chemical that is: (1) produced in the United States from renewable biomass; (2) sold or used by the taxpayer as polymers, plastics, or formulated products or for the production of polymers, plastics, or formulated products; and (3) not sold or used for the production of any food, feed, or fuel.  Exempts certain chemicals, including those with a biobased content of less than 25%.

Directs the Secretary of Agriculture to establish a five-year program to allocate credit amounts. Limits the total amount of allocable credits under such program to $500 million, with a limit of $25 million to any taxpayer in any taxable year.

]]> Qualifying Renewable Chemical Production Tax Credit Act of 2013 Display Title Qualifying Renewable Chemical Production Tax Credit Act of 2013 Official Title as Introduced A bill to cut taxes for innovative businesses that produce renewable chemicals. Introduced in Senate IS Short Titles as Introduced Qualifying Renewable Chemical Production Tax Credit Act of 2013 Introduced in Senate 2013-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1267is/xml/BILLS-113s1267is.xml 2013-06-27 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.