S. 5582 is a bill that proposes changes to the Internal Revenue Code of 1986 to extend the biodiesel fuels credit and biodiesel mixture credit. Specifically, it aims to change the expiration date of these credits from 2024 to 2025, thereby providing continued tax incentives...
Simple Explanation
Imagine a special rule that gives mini rewards for using certain green fuels called biodiesel. This bill wants to keep those rewards going for one more year and makes sure you can't get a double treat for using the same fuel.