Amendment · S.Amdt. 2529· Senate(119-SAMDT-2529)

S.Amdt. 2529

Age: 93 years

Iowa

Introduced: 6/29/2025
Sponsored by: Chuck Grassley
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

Mr. Grassley submitted amendment SA 2529 to the bill H.R. 1. The purpose of this amendment is to prevent double credits regarding certain fuel.

Changes to the Bill

The amendment aims to change the bill by striking text on pages 582 and 583 and inserting new rules about preventing double credits under section 45Z(d)(5). Specifically, it adds a rule stating that a fuel is not produced from a fuel for which a credit is allowable under this section, subject to a special rule.

Key details of the change include:

Preventing Double Credit: Adds a new clause stating that the fuel is not produced from a fuel for which a credit under this section is allowable.
Special Rule for Alcohol Fuel: Outlines that if a taxpayer sells alcohol fuel to an unrelated person who uses it to produce sustainable aviation fuel, the taxpayer can make an election not to claim the credit and provides written notice to the sustainable aviation fuel producer.
Regulations and Guidance: Directs the Secretary to issue necessary regulations or guidance to carry out these new provisions.