S 3632 · 119th Congress

Renewable Chemicals Act of 2026

The Renewable Chemicals Act of 2026 creates two new tax credits to encourage American companies to produce chemicals made from renewable plant materials instead of petroleum. First, companies get a 15% tax credit on every pound of qualifying renewable chemicals they sell, up to a limit set by the government. Second,…

Sponsor

Ricketts, Pete (R-Nebraska)

Introduced

2026-01-14

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.