This bill extends two federal tax credits for biodiesel fuel producers and blenders through 2025. The biodiesel and renewable diesel credit and the biodiesel mixture credit were set to expire at the end of 2024, and this legislation pushes that expiration date to the end of 2025. The bill affects biodiesel fuel producers, renewable diesel producers, and fuel blenders who rely on these tax incentives to support their business operations. The legislation also includes provisions to prevent companies from claiming both the biodiesel tax credits and a newer clean fuel credit under a separate tax provision simultaneously, ensuring taxpayers cannot double-benefit from overlapping incentives. The changes take effect for fuel sold or used after December 31, 2024.
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