legislation: 116-hr-8879

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-hr-8879 116 hr 8879 Renewable Chemicals Act of 2020 Taxation 2020-12-04 2020-12-04 Referred to the House Committee on Ways and Means. House Rep. Pascrell, Bill, Jr. [D-NJ-9] NJ D P000096 1 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. 2023-01-11T13:44:02Z https://www.congress.gov/bill/116th-congress/house-bill/8879

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