Title: Biodiesel Tax Credit Extension Act of 2019
Policy area: Taxation

Summary:
Biodiesel Tax Credit Extension Act of 2019
This bill extends the following tax provisions through 2019: the income tax credit for biodiesel and renewable diesel used as fuel, the excise tax credit for biodiesel mixtures, and the payments that are equivalent to the excise tax credit for biodiesel mixtures.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2089 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 2089

 To amend the Internal Revenue Code of 1986 to extend for 2 years tax 
        credits with respect to biodiesel and renewable diesel.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 4, 2019

    Ms. Finkenauer (for herself, Mrs. Axne, Mr. Kind, Mr. Kelly of 
 Pennsylvania, Mr. Smith of Nebraska, Ms. DeLauro, Mrs. Walorski, Mr. 
LaHood, Mrs. Craig, Mr. Loebsack, Mr. Danny K. Davis of Illinois, Mrs. 
  Bustos, Mr. Pascrell, and Mr. Larson of Connecticut) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend for 2 years tax 
        credits with respect to biodiesel and renewable diesel.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Biodiesel Tax Credit Extension Act 
of 2019''.

SEC. 2. BIODIESEL AND RENEWABLE DIESEL.

    (a) Income Tax Credit.--
            (1) In general.--Section 40A(g) of the Internal Revenue 
        Code of 1986 is amended by striking ``December 31, 2017'' and 
        inserting ``December 31, 2019''.
            (2) Effective date.--The amendment made by this subsection 
        shall apply to fuel sold or used after December 31, 2017.
    (b) Excise Tax Incentives.--
            (1) Termination.--
                    (A) In general.--Section 6426(c)(6) of such Code is 
                amended by striking ``December 31, 2017'' and inserting 
                ``December 31, 2019''.
                    (B) Payments.--Section 6427(e)(6)(B) of such Code 
                is amended by striking ``December 31, 2017'' and 
                inserting ``December 31, 2019''.
            (2) Effective date.--The amendments made by this subsection 
        shall apply to fuel sold or used after December 31, 2017.
            (3) Special rule for 2018.--Notwithstanding any other 
        provision of law, in the case of any biodiesel mixture credit 
        properly determined under section 6426(c) of the Internal 
        Revenue Code of 1986 for the period beginning on January 1, 
        2018, and ending on December 31, 2018, such credit shall be 
        allowed, and any refund or payment attributable to such credit 
        (including any payment under section 6427(e) of such Code) 
        shall be made, only in such manner as the Secretary of the 
        Treasury (or the Secretary's delegate) shall provide. Such 
        Secretary shall issue guidance within 30 days after the date of 
        the enactment of this Act providing for a one-time submission 
        of claims covering periods described in the preceding sentence. 
        Such guidance shall provide for a 180-day period for the 
        submission of such claims (in such manner as prescribed by such 
        Secretary) to begin not later than 30 days after such guidance 
        is issued. Such claims shall be paid by such Secretary not 
        later than 60 days after receipt. If such Secretary has not 
        paid pursuant to a claim filed under this subsection within 60 
        days after the date of the filing of such claim, the claim 
        shall be paid with interest from such date determined by using 
        the overpayment rate and method under section 6621 of such 
        Code.
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