What does Preamble of Restoring Fuel Market Freedom Act of 2025 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment aims to repeal several tax credits related to fuel production. Specifically, the bill targets the alcohol fuels credit, the biodiesels fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, and the alcohol fuel, biodiesel, and alternative fuel mixtures credit.

What does SHORT TITLE; REFERENCES. of Restoring Fuel Market Freedom Act of 2025 do?

This Act is formally titled the Restoring Fuel Market Freedom Act of 2025. Amendments or repeals within this Act refer to sections or provisions of the Internal Revenue Code of 1986 unless otherwise specified.

What does REPEAL OF ALCOHOL FUELS CREDIT. of Restoring Fuel Market Freedom Act of 2025 do?

This section repeals section 40 of the tax code. Conforming amendments are made to various sections of the tax code. The amendments apply to fuels produced after the date of enactment.

What does REPEAL OF BIODIESELS FUEL CREDIT. of Restoring Fuel Market Freedom Act of 2025 do?

This section repeals section 40A, which relates to biodiesel fuel credits, from Subpart D of part IV of subchapter A of chapter 1 of subtitle A. Several sections are amended to reference section 40A 'as in effect on the day before the date of the enactment of the Restoring Fuel Market Freedom Act of 2025'. Paragraph (17) of section 38(b) is struck. Section 87 is amended to include the sustainable aviation fuel credit determined under section 40B(a). Paragraph (11) of section 196(c) is struck. References to biodiesel production and import within section 4101(a)(1) are removed. Section 4104(a)(1) is amended to change references from 'sections' to 'section' and remove 'and 40A'. Section 6426 is amended to modify definitions related to section 40A, referencing the date before enactment of the Restoring Fuel Market Freedom Act of 2025. Section 7704(d)(1)(E) is amended to include a reference to the date before enactment of the Restoring Fuel Market Freedom Act of 2025. The amendments apply to fuels sold or used after the date of enactment of this section.

What does REPEAL OF SUSTAINABLE AVIATION FUEL CREDIT. of Restoring Fuel Market Freedom Act of 2025 do?

This section repeals the Sustainable Aviation Fuel Credit. Conforming amendments are made to various sections of the tax code. The amendments apply to fuel sold or used after the enactment date.

What does REPEAL OF CLEAN FUEL PRODUCTION CREDIT. of Restoring Fuel Market Freedom Act of 2025 do?

This section repeals section 45Z of Subpart Do of part IV of subchapter A of chapter 1 of subtitle A. It also strikes the item relating to section 45Z in the table of sections for that subpart. Several sections are amended to conform to the repeal: section 6417(b) paragraph (9), section 6418(f)(1)(A) clause (viii), and subsection (b) of section 13704 of Public Law 117-169. The changes apply to transportation fuels produced after the enactment of this section.

What does REPEAL OF ALCOHOL FUEL, BIODIESEL, AND ALTERNATIVE FUEL of Restoring Fuel Market Freedom Act of 2025 do?

This section repeals section 6426, relating to the alcohol fuel, biodiesel, and alternative fuel mixtures credit. Conforming amendments are made to various sections, including 4101, 4104, 6427, 7704, and 9503. The table of sections for subchapter B of chapter 65 of subtitle F is amended to strike the item relating to section 6426. The amendments apply to fuel used or sold after the date of the enactment of this section.

What does REPEAL OF EXPIRED PROVISIONS RELATING TO PAYMENTS FOR CERTAIN of Restoring Fuel Market Freedom Act of 2025 do?

This section repeals expired provisions related to payments for certain fuels not used for taxable purposes. Section 6427 is amended by striking subsection (e). Conforming amendments are made to various sections.

Back to bills

Restoring Fuel Market Freedom Act of 2025

Last updated: 1/9/2025 · Introduced: 1/9/2025

Author: Scott Perry (R-PA)

TL;DR (AI)

This bill repeals several tax credits incentivizing the production of alcohol fuels, biodiesel, sustainable aviation fuel, and clean fuel.
The legislation eliminates the alcohol fuel, biodiesel, and alternative fuel mixtures credit, along with related provisions in the Internal Revenue Code.
The bill removes expired provisions concerning payments for certain fuels not used for taxable purposes, making conforming amendments to relevant sections of the tax code.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title; references., and 6 more.

8 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account