Search Results: keywords:"denial of double benefit"

  • H. R. 9060 — To amend the Internal Revenue Code of 1986 to extend the biodiesel fuels credit and the biodiesel mixture credit.
    Status:Introduced in House
    Words:485

    H.R. 9060, also known as the “Biodiesel Tax Credit Extension Act of 2024,” aims to amend the Internal Revenue Code of 1986 to extend tax credits for both biodiesel fuels and biodiesel mixtures used as renewable diesel. Specifically, the bill proposes extending these credits...

    Simple Explanation

    H.R. 9060 is a rule that wants to keep giving special money-back offers (like a coupon) to people who use a type of eco-friendly fuel called biodiesel. It wants to continue these offers for one more year until the end of 2025, but you can’t use the same “coupon” twice for the same fuel.

  • S. 5582 — To amend the Internal Revenue Code of 1986 to extend the biodiesel fuels credit and the biodiesel mixture credit.
    Status:Introduced in Senate
    Words:510

    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.