# 119-hr-8137: To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.

119-hr-8137, To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials., is a 119th Congress bill sponsored by Rep. Fischbach, Michelle [R-MN-7] (R-MN); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8137
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8137
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.
- Status: introduced
- Introduced: 2026-03-27
- Sponsor: Rep. Fischbach, Michelle [R-MN-7] (R-MN)
- Cosponsors: 12
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Creates two new tax credits to boost U.S. production and investment in biomass‑derived renewable materials.** One is a production credit paid by the pound. The other is a 30 percent investment credit for qualifying equipment used to make those materials. - Producers: Manufacturers of qualified renewable materials can claim 10 cents per pound for the biobased carbon content they sell or use in business. The annual credit per facility is capped at $10.0 million after bond-style reductions. - Facility owners and investors: New or substantially modified facilities get a 10‑year credit window and can claim a 30 percent investment credit for eligible tangible property placed in service. A single facility cannot double-dip by taking both credits for the same project, and both credits are made transferable under expanded rules. - Supply chain and eligibility: Qualified materials must be the biobased carbon portion measured by ASTM D6866 and may not be fuels, products for heat or electricity, or food and feed. Biomass must come from the United States or a U.S. possession and cannot be co-processed with non-biomass. Regulations are required within 180 days and the rules apply to production or property placed in service after enactment.

## Cosponsors (12)

- Rep. Budzinski, Nikki [D-IL-13] (D-IL), 2026-03-27T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2026-04-15T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2026-05-15T00:00:00.000Z
- Rep. Hinson, Ashley [R-IA-2] (R-IA), 2026-05-20T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2026-07-14T00:00:00.000Z
- Rep. Sorensen, Eric [D-IL-17] (D-IL), 2026-07-14T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-07-14T00:00:00.000Z
- Rep. Van Orden, Derrick [R-WI-3] (R-WI), 2026-07-15T00:00:00.000Z
- Rep. Riley, Josh [D-NY-19] (D-NY), 2026-08-10T00:00:00.000Z
- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2026-09-01T00:00:00.000Z
- Rep. Mann, Tracey [R-KS-1] (R-KS), 2026-09-15T00:00:00.000Z
- Rep. Finstad, Brad [R-MN-1] (R-MN), 2026-09-16T00:00:00.000Z

## Provisions PRIA read

- Investment credit for renewable facilities: benefit, high. If enacted, you would be able to claim an investment tax credit equal to 30 percent of the qualified investment in eligible equipment placed in service to produce qualified renewable material. The credit would apply to depreciable tangible property but not to building structures or certain rehabili…
- Tax credit for renewable producers: benefit, high. If enacted, you would be able to claim a production tax credit of $0.10 per pound for qualified renewable material you make and sell or use in your business. The credit would be part of the general business credits and could be transferred under the bill's transfer rules. After any reduction for ta…
- Definition of qualified renewable material: mixed, medium. If enacted, only the biobased carbon content portion of a product would count as qualified renewable material, measured under ASTM D6866. The bill would exclude products that are vehicle or aircraft fuels, used to generate heat or electricity, suitable as food or feed, made mostly outside the U.S.,…

## Related bills

- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-649: Whole Milk for Healthy Kids Act of 2025
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act

## Sources
- [119-hr-8137 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8137)

## Related
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-649: Whole Milk for Healthy Kids Act of 2025](https://policyrisk.com/legislation/119-hr-649)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8137 (as of 2026-09-21).