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.