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H.R. 8497119th CongressIn committeeLatest action Apr 27, 2026Decoded by AI · checked against the record
Official title: Supporting Energy and Economic Development (SEED) Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
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
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 tax credit, known as the 45Z credit, for the same batch of fuel.
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.
Without the extension, these tax breaks would have ended after 2024. The new rule means businesses must choose between two available tax credits rather than using both at once for the same fuel.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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.