To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 13
- Latest action
- Mar 27, 2026
What it does
HR 8137 would create two new federal tax credits: a production credit of 10 cents per pound for qualified renewable materials produced and sold or used in a trade or business, and an investment credit of 30 percent for investments in facilities that produce such materials. The bill defines qualified renewable material as the biobased carbon content of products derived from U.S.-sourced biomass through various conversion processes, excluding fuels, food, feed, heat, electricity, and coprocessed materials. Credits are subject to a $10 million annual cap per facility, must be claimed within a 10-year qualifying period, and are made transferable and part of the general business credit, with…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.