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HOUSE 4254117th CongressReferred to the House Committee on Ways and Means.

Low Carbon Biofuel Act

Last Action
6/30/2021

Actions

  • 2021-06-30Referred to the House Committee on Ways and Means.
  • 2021-06-30Introduced in House
  • 2021-06-30Introduced in House

CRS Summary

As of 2021-06-30 (00)

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.

Cosponsors (3)

  • Adrian Smith (R-NE)
  • Cheri Bustos (D-IL)
  • Angie Craig (D-MN)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.