Bill extends biodiesel tax credits through 2029
In committeeH.R. 8497Latest action
Sponsor: Mike Carey · Representative · OH
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Official title: Supporting Energy and Economic Development (SEED) Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Congress would extend biodiesel and renewable diesel tax breaks through 2029, but businesses could not use those breaks and the newer 45Z clean fuel credit on the same fuel.
45-second read · 4 questions answered below
What does this do?
This bill extends federal tax breaks for biodiesel and renewable diesel fuel through 2029. Those breaks had been set to expire after 2024. It also adds a rule that prevents anyone from claiming both these tax breaks and a separate clean fuel , known as the 45Z credit, for the same batch of fuel.
Who does it affect?
Fuel producers, blenders, and distributors who work with biodiesel and renewable diesel are most directly affected. Farmers and other suppliers who provide raw materials like vegetable oils, animal fats, or recycled grease are also affected.
Why does it matter?
Without the extension, these tax breaks would have ended after 2024. The new rule means businesses must choose between two available rather than using both at once for the same fuel.
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Where does it stand?
- IntroducedApr 27, 2026
- House committeeYou are here · Apr 27, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Ways and Means.