The spending deal reached Wednesday between Senate Majority Leader Chuck Schumer and Joe Manchin would extend a $1/gallon tax credit for biodiesel and renewable diesel through 2024, according to the bill’s text.
- The legislation would also extend the alternative fuel credit, the alternative fuel mixing credit, and payments for alternative fuels through 2024, according to the bill
- The $1.01/a gallon second generation biofuel incentive would be extended through 2025 and would apply to biofuels made after Dec. 31, 2021: bill
- Bill also creates a sustainable aviation fuel credit
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