Search Results: keywords:"tax credit extension"

  • H. R. 10033 — To amend the Internal Revenue Code of 1986 to extend the clean fuel production credit.
    Status:Introduced in House
    Words:204

    H. R. 10033 aims to amend the Internal Revenue Code of 1986 to extend the clean fuel production credit. This bill proposes changing the expiration date of the current clean fuel production credit from December 31, 2027, to December 31, 2037. The amendment will apply to fuel...

    Simple Explanation

    H.R. 10033 is a plan to keep giving rewards for making clean fuel, like special fuel for cars and trucks that doesn't harm the air, for 10 more years until 2037. This means companies that make this clean fuel will get more time to get help from the government.

  • S. 479 — To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
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    Status:Introduced in Senate
    Words:659

    S. 479 aims to amend the Internal Revenue Code of 1986 to make the new markets tax credit permanent. This bill not only extends the tax credit beyond 2025 but also includes an adjustment for inflation starting in 2026. Additionally, it offers relief from the alternative...

    Simple Explanation

    The bill S. 479 wants to make sure a special kind of tax help, called the new markets tax credit, never runs out and even grows bigger every year because of rising prices. This is like giving businesses a money boost to keep helping them build and grow in new areas.

  • S. 1043 — To amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
    Status:Introduced in Senate
    Words:188

    S. 1043 aims to amend the Internal Revenue Code of 1986 by extending the energy credit for qualified fuel cell property. The bill proposes changing the expiration date for the tax credit from January 1, 2025, to January 1, 2033. This extension would apply to properties whose...

    Simple Explanation

    The bill wants to extend the amount of time people can get a tax break for using a special kind of energy called "fuel cell" from 2025 all the way to 2033, which means they can save money on their taxes for using this type of clean energy.

  • S. 5145 — To amend the Internal Revenue Code of 1986 to prohibit the use of foreign feedstocks for purposes of the clean fuel production credit, and for other purposes.
    Status:Introduced in Senate
    Words:360

    S. 5145, titled the “Farmer First Fuel Incentives Act,” aims to amend the Internal Revenue Code of 1986 to ensure that only feedstocks grown or produced in the United States qualify for the clean fuel production credit. This bill prohibits the use of foreign feedstocks for...

    Simple Explanation

    S. 5145 wants to make sure that only plants and materials grown in the United States are used to make clean fuels, and this could help local farmers. It also plans to keep giving rewards to fuel companies for making cleaner fuels until the year 2034.

  • H. R. 9787 — To amend the Internal Revenue Code of 1986 to prohibit the use of foreign feedstocks for purposes of the clean fuel production credit, and for other purposes.
    Status:Introduced in House
    Words:350

    H.R. 9787 aims to change the Internal Revenue Code by stopping the use of foreign feedstocks in getting clean fuel production credits. This means the clean fuel must come from materials produced or grown in the U.S. The bill also extends the availability of these clean fuel...

    Simple Explanation

    H.R. 9787 is a bill that says people can get a special reward for making clean fuel, but only if they use materials from the U.S., not from other countries. It also plans to keep this reward available until the end of 2034, which is longer than was originally planned.

  • H. R. 536 — To amend the Internal Revenue Code of 1986 to extend the energy credit for qualified biogas property.
    Status:Introduced in House
    Words:208

    H. R. 536 proposes an amendment to the Internal Revenue Code of 1986, specifically to extend the energy credit for qualified biogas property. The bill seeks to change the expiration date for this credit from December 31, 2024, to December 31, 2025, meaning that construction...

    Simple Explanation

    This bill wants to change a rule so that people who make special gas from waste can keep getting a discount on their taxes for one more year. It’s like giving them an extra coupon if they keep doing something good for the environment.

  • H. R. 1103 — To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
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    Status:Introduced in House
    Words:693

    H.R. 1103 aims to make the new markets tax credit a permanent feature of the tax code by updating the Internal Revenue Code of 1986. The bill ensures that the tax credit is available every year starting in 2020 and adjusts the credit for inflation starting in 2025. It also...

    Simple Explanation

    H.R. 1103 wants to make sure a special tax credit that helps businesses invest in certain communities stays around forever and grows a little each year to keep up with rising costs, starting in 2025. It also gives special tax help to new investments starting in 2025, but some people think this might not be fair to everyone.