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- S.2262
S.2262: Low Carbon Biofuel Credit Act
About This Bill
- Introduced June 24, 2021
- Latest Major Action June 24, 2021
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Republican)
Bill Version
- Introduced in Senate - June 24, 2021
Bill Summary
Low Carbon Biofuel Credit 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 no 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
Bill Actions
| Date | Description |
|---|---|
| June 24, 2021 |
Read twice and referred to the Committee on Finance.
|
| June 24, 2021 |
Introduced in the Senate by Amy Klobuchar (D-Minn.) |