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. 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.