Restoring Fuel Market Freedom Act of 2025

U.S. Congress · HR311 · In Committee

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What the bill says

HR311 · U.S. Congress · In Committee

Introduced 2025-01-09. Latest action: Referred to the House Committee on Ways and Means.

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Summary (plain-language)

Restoring Fuel Market Freedom Act of 2025 This bill repeals multiple fuel-related federal tax credits and the credit or refund of federal fuel excise taxes paid on certain fuels used for nontaxable purposes. Specifically, the bill repeals the business tax credit for clean fuel production (tax credit for the production of clean fuels produced after 2024 and sold before 2028); business tax credit for second-generation biofuel producers (tax credit for the production before 2025 of fuel derived from qualified feedstocks that meets certain other requirements); business tax credit for biodiesel fuels (tax credit for biodiesel fuel sold or used before 2025); business tax credit for sustainable aviation fuel (tax credit for sustainable aviation fuel sold or used before 2025); and tax credit for alcohol fuel, biodiesel, and alternative fuel mixtures (tax credit for alcohol fuel, biodiesel, and alternative fuel mixtures sold or used before 2025). Finally, the bill repeals expired provisions that allow a credit or refund of excise taxes paid on alcohol, biodiesel, alternative fuel, or sustainable aviation fuel that is used for nontaxable purposes.

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Text versions

  • Introduced in House — 2025-01-09 — XML

What analysts say

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Action History

DateAction
2025-01-09Introduced in House
2025-01-09Referred to the House Committee on Ways and Means.

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