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Supporting Energy and Economic Development (SEED) Act
To amend the Internal Revenue Code of 1986 to extend biodiesel and renewable diesel incentives, and for other purposes.
Summary
This bill extends tax incentives for biodiesel and renewable diesel fuels through 2029, five years longer than current law. The bill maintains both income tax credits and excise tax incentives that reduce the cost of producing and using these fuels. It adds provisions to prevent taxpayers from claiming both the biodiesel and renewable diesel credit and the section 45Z clean fuel credit on the same fuel. The changes apply to fuel sold or used after the bill is enacted.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Carey, Mike [R-OH-15] (R-OH)
16 cosponsors
- Rep. Bost, Mike [R-IL-12] (R-IL)
- Rep. Carbajal, Salud O. [D-CA-24] (D-CA)
- Rep. Correa, J. Luis [D-CA-46] (D-CA)
- Rep. Costa, Jim [D-CA-21] (D-CA)
- Rep. Feenstra, Randy [R-IA-4] (R-IA)
- Rep. Finstad, Brad [R-MN-1] (R-MN)
- Rep. Garbarino, Andrew R. [R-NY-2] (R-NY)
- Rep. Hinson, Ashley [R-IA-2] (R-IA)
- Rep. Johnson, Dusty [R-SD-At Large] (R-SD)
- Rep. Kelly, Mike [R-PA-16] (R-PA)
- Rep. LaHood, Darin [R-IL-16] (R-IL)
- Rep. Mann, Tracey [R-KS-1] (R-KS)
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA)
- Rep. Moore, Blake D. [R-UT-1] (R-UT)
- Rep. Tenney, Claudia [R-NY-24] (R-NY)
- Rep. Tonko, Paul [D-NY-20] (D-NY)
Actions (2)
- Apr 27, 2026 Referred to the House Committee on Ways and Means. · house
- Apr 27, 2026 Introduced in House
Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
April 27, 2026
Mr. Carey (for himself, Mr. Correa, Mr. Kelly of Pennsylvania, Mr. Carbajal, Mr. LaHood, Mr. Costa, Ms. Tenney, Mrs. Miller-Meeks, Mr. Johnson of South Dakota, Mrs. Hinson, and Mr. Mann) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend biodiesel and renewable diesel incentives, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Supporting Energy and Economic Development (SEED) Act”.
SEC. 2. EXTENSION OF BIODIESEL AND RENEWABLE DIESEL INCENTIVES.
(a) Income Tax Credit.—
(1) In general.—Section 40A(g) of the Internal Revenue Code of 1986 is amended by striking “2024” and inserting “2029”.
(2) Denial of double benefit.—Section 40A of such Code is amended—
(A) by redesignating subsection (g) (as so amended) as subsection (h), and
(B) by inserting after subsection (f) the following new subsection:
“(g) Denial of Double Benefit.—In the case of any fuel with respect to which a credit is allowed under section 45Z(a) for any taxable year, the amount determined under this section with respect to such fuel shall be zero.”.
(b) Excise Tax Incentives.—
(1) Credit for fuels used for taxable purposes.—
(A) In general.—Section 6426(c)(6) of such Code is amended by striking “2024” and inserting “2029”.
(B) Denial of double benefit.—Section 6426(c) of such Code is amended—
(i) by redesignating paragraph (6) (as so amended) as paragraph (7), and
(ii) by inserting after paragraph (5) the following new paragraph:
“(6) Denial of double benefit.—In the case of any fuel with respect to which a credit is allowed under section 45Z(a) for any taxable year, the amount determined under this subsection with respect to such fuel shall be zero.”.
(2) Payments for fuels not used for taxable purposes.— Section 6427(e)(6)(B) of such Code is amended by striking “2024” and inserting “2029”.
(c) Effective Date.—The amendments made by this section shall apply to fuel sold or used on or after the date of the enactment of this Act. <all>
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