S5583119th CongressWALLET

Small Agri-Biodiesel Producer Credit Extension Act

Sponsored By: Senator Grassley, Chuck [R-IA]

Introduced

Summary

Extends the small agri-biodiesel producer tax credit through December 31, 2029. The bill would push the current expiration date from 2026 to 2029, allowing qualifying small agri-biodiesel producers to continue claiming the Section 40A(g) credit for three more years. It preserves the credit's existing structure, rates, and eligibility rules and only changes the period during which the credit can be claimed.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax credit extended for small biodiesel producers

If enacted, eligible small agri-biodiesel producers would be able to claim the Section 40A small agri-biodiesel producer tax credit through December 31, 2029 instead of December 31, 2026. The bill would not change the credit amount, eligibility criteria, or other terms of Section 40A(g). It would only extend the credit's applicability date by three years.

Sponsors & CoSponsors

Sponsor

Grassley, Chuck [R-IA]

IA • R

Cosponsors

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 9/29/2026

Roll Call Votes

No roll call votes available for this bill.

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