H.R.4254: Low Carbon Biofuel Act

About This Bill

  • Introduced June 30, 2021
  • Latest Major Action June 30, 2021

Bill Cosponsors

3 (2 Democrats, 1 Republican)

Bill Version

Bill Summary

Low Carbon Biofuel Act This bill allows certain taxpayers (defined by this bill as an oxygenate blender and a retailer) a new business-related income tax credit for the sale or blending of E15 gasoline (more than 13 and not more than 15 volume percent ethanol) and other fuels containing more than 15 volume percent ethanol.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.4254.

Bill Actions

Date Description
June 30, 2021
Referred to the House Committee on Ways and Means.
June 30, 2021

Introduced in the House by Cynthia Axne (D-Iowa)

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