United States · Bill · HR
H.R. 8879 (116th)
Renewable Chemicals Act of 2020
Introduced
4 December 2020
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Renewable Chemicals Act of 2020 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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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 4 December 2020
Introduced in House (PDF)
Introduced in House · EN · 4 December 2020
Introduced in House
summary · EN · 4 December 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/8879
- Open data entity: https://api.congress.gov/v3/bill/116/hr/8879