What does Preamble of Supporting Energy and Economic Development (SEED) Act do?

This bill, formally titled 'To amend the Internal Revenue Code of 1986 to extend biodiesel and renewable diesel incentives, and for other purposes,' aims to amend the Internal Revenue Code of 1986. The bill seeks to extend incentives related to biodiesel and renewable diesel.

What does SHORT TITLE. of Supporting Energy and Economic Development (SEED) Act do?

This bill is formally titled the Supporting Energy and Economic Development (SEED) Act.

What does EXTENSION OF BIODIESEL AND RENEWABLE DIESEL INCENTIVES. of Supporting Energy and Economic Development (SEED) Act do?

This section extends certain biodiesel and renewable diesel incentives. It amends Section 40A and 6426 of the Internal Revenue Code of 1986, striking the year '2024' and inserting '2029'. The amendments include provisions to deny a double benefit when a credit is allowed under section 45Z(a). Section 6427 is also amended to extend the incentive through 2029. The changes apply to fuel sold or used on or after the date of enactment of this Act.

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Supporting Energy and Economic Development (SEED) Act

Last updated: 4/27/2026 · Introduced: 4/27/2026

Author: Mike Carey (R-OH)

TL;DR (AI)

The bill extends tax incentives for biodiesel and renewable diesel through 2029.
It amends the Internal Revenue Code to remove the 2024 expiration date for these incentives, applying them to fuel sold or used after enactment.
The bill prevents a 'double benefit' scenario when claiming credits under specific sections of the Internal Revenue Code related to biodiesel and renewable diesel.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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