[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 1806 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 1806

To amend the Internal Revenue Code of 1986 to extend tax incentives for 
                    biodiesel and renewable diesel.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 25, 2021

Mr. Grassley (for himself, Ms. Cantwell, Ms. Ernst, Ms. Klobuchar, Mr. 
  Marshall, Mrs. Shaheen, Mrs. Fischer, Mrs. Murray, Mr. Rounds, Ms. 
 Smith, and Ms. Hirono) introduced the following bill; which was read 
             twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to extend tax incentives for 
                    biodiesel and renewable diesel.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Biodiesel Tax Credit Extension Act 
of 2021''.

SEC. 2. EXTENSION OF TAX INCENTIVES FOR BIODIESEL AND RENEWABLE DIESEL.

    (a) Income Tax Credit.--
            (1) In general.--Section 40A(g) is amended by striking 
        ``December 31, 2022'' and inserting ``December 31, 2025''.
            (2) Effective date.--The amendment made by this subsection 
        shall apply to fuel sold or used after December 31, 2022.
    (b) Excise Tax Incentives.--
            (1) Termination.--
                    (A) In general.--Section 6426(c)(6) is amended by 
                striking ``December 31, 2022'' and inserting ``December 
                31, 2025''.
                    (B) Payments.--Section 6427(e)(6)(B) is amended by 
                striking ``December 31, 2022'' and inserting ``December 
                31, 2025''.
            (2) Effective date.--The amendments made by this subsection 
        shall apply to fuel sold or used after December 31, 2022.
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