Supporting Energy and Economic Development (SEED) Act
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Summary
The Supporting Energy and Economic Development (SEED) Act amends the Internal Revenue Code to extend federal tax incentives for biodiesel and renewable diesel production and use. The bill extends the biodiesel mixture credit, biodiesel credit, and renewable diesel excise tax credits through December 31, 2029, and adds provisions to prevent double-claiming of credits under both the older biodiesel/renewable diesel programs and the newer clean fuel production credit (section 45Z). The amendments apply to fuel sold or used on or after the bill's enactment date.
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