Renewable Chemicals Act of 2021

Summary

Renewable Chemicals Act of 2021 This bill allows a new tax credit for the production of renewable chemicals. Specifically, it allows a credit for up to 15% of the sales price of each pound of a renewable chemical. A renewable chemical is any chemical that is produced in the United States from renewable biomass and is not less than 95% biobased content. The bill also allows a 30% tax credit for investment in renewable chemical production facilities.

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Timeline

1. 14 April 2021

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 April 2021

  Open at official source

Sponsors

• Bill Pascrell · D · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• Dean Phillips · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Renewable Chemicals Act of 2023
• related to ← Renewable Chemicals Act of 2020