S 4931 · 118th Congress

Renewable Chemicals Act of 2024

<p><strong>Renewable Chemicals Act of 2024</strong></p><p>This bill allows a new tax credit for the production of renewable chemicals. Specifically, it allows a credit for u p to 15% of the sales price of each pound of a renewable chemical. A renewable chemical is any chemical that is produced in the United States f…

Sponsor

Brown, Sherrod (D-OH)

Introduced

2024-08-01

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.