Supporting Energy and Economic Development (SEED) Act

This bill would restart federal tax credits for biodiesel and renewable diesel, which expired after December 31, 2024. The credits would apply to fuel sold or used from the date the bill becomes law through December 31, 2029. This includes the income tax credit for biodiesel mixtures and biodiesel, the excise tax credit for biodiesel mixtures, and payments for such fuels not used for taxable purposes. The bill also says a fuel cannot receive both these credits and the clean fuel production credit under section 45Z.

Full text and official record on Congress.gov

Sponsors

• Marsha Blackburn Republican sponsor
• 0 cosponsors