H.R. 8137: To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.

H.R. 8137 is a federal bill in the 119th Congress. Today, companies producing biobased renewable materials do not receive specific, targeted federal tax credits exclusively for these non-fuel, non-food products. Under this bill, companies will receive a tax credit of 10 cents per pound for producing… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.