118th Congress · HOUSE BILLBILL

H.R. 2902 — Restoring Fuel Market Freedom Act of 2023

“To amend the Internal Revenue Code of 1986 to repeal the alcohol fuels credit, the biodiesels fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, the alcohol fuel, biodiesel, and alternative fuel mixtures credit, and other related provisions.”

Taxation

Introduced Apr 26, 2023

Last action Apr 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 26, 2023

Step 2

Referred

Apr 26, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill repeals various alternative fuels tax credits, including the tax credits for (1) alcohol used as fuel; (2) biodiesel and renewable diesel used as fuel; (3) sustainable aviation fuel; (4) clean fuel production; and (5) alcohol fuel, biodiesel, and alternative fuel mixtures. It also repeals the inclusion in gross income of alcohol and biodiesel fuels and payments for certain fuels not used for taxable purposes.

Provisions · 9 sectionsIntroduced in House

Timeline · 2 actions

Apr 26, 2023

Introduced in House

Apr 26, 2023

Referred to the House Committee on Ways and Means.