United States · Bill · HR
H.R. 8879 (116th)
Renewable Chemicals Act of 2020
Introduced
4 December 2020
Last action
4 December 2020 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Fitzpatrick, Brian K. [R-PA-1]
Subjects
Taxation
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
4 December 2020
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
4 December 2020
Introduced
Introduced in House
Source: IntroReferral
4 December 2020
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 4 December 2020 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 4 December 2020
Introduced in House (PDF)
Introduced in House · EN · 4 December 2020
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Introduced in House
summary · EN · 4 December 2020
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
- Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
- · hswm00 · Standing
Related records
- related to → Renewable Chemicals Act of 2021
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/8879
- Open data entity: https://api.congress.gov/v3/bill/116/hr/8879
- us · 116-hr-8879 · source updated 3 January 2025