Bills · HR 3137
IN COMMITTEE· 119TH CONGRESS
House BillHR 3137Taxation
Biodiesel Tax Credit Extension Act of 2025
INTRO MAY 1· LAST ACTION MAY 1
READING
3MIN
COSPONSORS
16BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it provides financial certainty and support for the biofuel industry. If these tax credits were to expire as scheduled, biofuel producers might face higher costs, potentially leading to reduced production, job losses in the sector, or increased prices for biofuels. Extending them helps maintain the competitiveness of these fuels against traditional fossil fuels.
Without these extensions, the market for biofuels could shrink, potentially impacting efforts to reduce greenhouse gas emissions and reliance on foreign oil. By prolonging these incentives, the bill aims to stabilize the market for biofuels, encourage continued investment in their production, and support agricultural sectors that supply raw materials for these fuels.
KEY PROVISIONS
4AI-extractedPROVISION 01
Extends the tax credit for biodiesel and renewable diesel fuels from its current expiration date of December 31, 2024, to December 31, 2026.
This provision provides continued financial incentive for the production and sale of biodiesel and renewable diesel, supporting the industry and potentially influencing fuel prices.
PROVISION 02
Extends the tax credit for biodiesel mixtures (fuel that blends biodiesel with traditional diesel) from December 31, 2024, to December 31, 2026.
This ensures that businesses blending biodiesel into fuel continue to receive a tax benefit, which encourages the use of these cleaner fuel blends.
PROVISION 03
Extends the alcohol fuel credit specifically for 'second generation biofuel' production from January 1, 2025, to January 1, 2027.
This incentive supports advanced biofuel technologies that use non-food sources, aiming to reduce competition with food crops and potentially offer greater environmental benefits.
PROVISION 04
Adds 'denial of double benefit' clauses for all extended credits, preventing a company from claiming one of these credits if they already claimed the newer 'clean fuel production credit' for the same fuel.
This prevents companies from receiving multiple tax breaks for the same unit of fuel, ensuring fairness and efficient use of tax incentives.
SPONSORSHIP
1 + 16
R· Ohio
YRS IN OFFICE
4
BILLS LED
31
COSPONSOR BREAKDOWNBIPARTISAN · 63%
DEM 5 REP 11 IND 0
ACTION TIMELINE
2 EVENTSMAY 1
Introduced in House
MAY 1
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 3137
Congress119th
StatusIn Committee
IntroducedMay 1, 2025
Last actionMay 1, 2025
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED MAY 1, 2025
House BillHR 3137Taxation
Biodiesel Tax Credit Extension Act of 2025
INTRODUCED MAY 1, 2025· LAST ACTION MAY 1, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
16
COMPLEXITY
Moderate
