Bills/H.R. 549

To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit.

In CommitteeEconomyHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# HR 549 Summary **What the Bill Would Do** HR 549 would eliminate a federal tax credit for businesses that produce clean transportation fuels. Under current law, companies that produce certain clean fuels are eligible for a tax break starting in 2025 and running through 2027. This bill would cancel that tax credit before it ever takes effect. **Who It Affects** The bill primarily affects fuel production companies that were planning to benefit from the tax credit, as well as the clean fuel industry more broadly.

It could also indirectly impact consumers and energy markets, depending on how the credit's availability influences fuel production and pricing. **Current Status** The bill was introduced by Representative Beth Van Duyne (R-TX) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House. No action has been taken on it so far.

CRS Official Summary

This bill repeals the business tax credit for clean fuel production beginning in 2025. (Under current law, the business tax credit for clean fuel production is available for the production and sale of qualified transportation fuel between 2025 and 2027.)

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Latest Action

January 16, 2025

Referred to the House Committee on Ways and Means.

Sponsor

Key Dates

Introduced
January 16, 2025
Last Updated
January 16, 2025
Read Full Text on Congress.gov →
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