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SB 254 IN
Passed One Chamber

Biofuel tax credits.

IN · session 2025 · Senate · bill

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Introduced Jan 13, 2025

Latest action (Mar 3, 2025) First reading: referred to Committee on Ways and Means

Summary

Provides tax credits for: (1) the sale of higher ethanol blend; and (2) the: (A) sale of blended biodiesel or renewable diesel; and (B) blending of biodiesel or renewable diesel. Specifies the amount of the tax credit for higher ethanol blend. Limits the total amount of higher ethanol blend tax credits that may be awarded in a state fiscal year to $10,000. Specifies the amount of the tax credit for blended biodiesel or renewable diesel. Limits the total amount of blended biodiesel or renewable diesel tax credits that may be awarded in a state fiscal year to $10,000.

Sponsors (4)

2 coauthors / cosponsors

Action history (12)

  1. Jan 13, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
  2. Jan 13, 2025 Authored by Senator Buchanan · upper
  3. Feb 4, 2025 Committee report: amend do pass, adopted · upper
  4. Feb 6, 2025 Senator Walker G added as coauthor · upper
  5. Feb 6, 2025 Senator Randolph added as coauthor · upper
  6. Feb 6, 2025 Second reading: ordered engrossed · upper
  7. Feb 6, 2025 Senator Rogers added as third author · upper
  8. Feb 6, 2025 Senator Clark added as second author · upper
  9. Feb 10, 2025 House sponsor: Representative Culp · upper
  10. Feb 10, 2025 Third reading: passed; Roll Call 86: yeas 46, nays 3 · upper
  11. Feb 11, 2025 Referred to the House · upper
  12. Mar 3, 2025 First reading: referred to Committee on Ways and Means · lower
Subjects
BUSINESS ORGANIZATIONS AND ASSOCIATIONS; Charitable Organizations and NonprofitsNATURAL RESOURCES; Oil and GasolineTAXES; CreditsTAXES; Fuel and Vehicle TaxesTRANSPORTATION; Fuel

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