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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="3084" measure-id="id113hr3084" originChamber="HOUSE" orig-publish-date="2013-09-12" update-date="2013-09-18">
<title>Qualifying Renewable Chemical Production Tax Credit Act of 2013</title>
<summary summary-id="id113hr3084v00" currentChamber="HOUSE" update-date="2013-09-18">
<action-date>2013-09-12</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p>Qualifying Renewable Chemical Production Tax Credit Act of 2013 - Expresses the sense of Congress that the United States should encourage the domestic production of renewable chemicals. </p> <p>Amends the Internal Revenue Code to allow a business-related tax credit for the production of renewable chemicals.&nbsp; Defines "renewable chemical" as any chemical that is: (1) produced in the United States from renewable biomass; (2) sold or used by the taxpayer for the production of chemical products, polymers, plastics, or as chemicals, polymers, plastics, or formulated products; and (3) not sold or used for the production of any food, feed, or fuel.&nbsp; Exempts certain chemicals, including those with a biobased content of less than 25%.</p> <p>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.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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