Bill · H.R. 8137· House(119-HR-8137)

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

Age: 61 years

Minnesota

Introduced: 3/27/2026
Last activity: 3/27/2026 — Referred to the House Committee on Ways and Means.
Sponsored by: Michelle Fischbach
Cosponsors: - 8 - 4

Taxation

Introduced
In Committee

What this bill would do

This bill proposes amendments to the Internal Revenue Code of 1986 to create new tax credits for renewable materials. It establishes a production credit worth 10 cents per pound of qualified renewable material produced at a qualifying facility. Additionally, it creates an investment credit equal to 30 percent of qualified investments in such facilities. To qualify, the material must be derived from biomass through various conversion processes and must be grown or extracted within the United States or its possessions. Certain products, such as those used for fuel, heat, electricity, or food, are specifically excluded from these credits.

Yes· 3 of 10

Does this put more money into wind, solar and other renewable power?+7
The bill provides direct investment credits for facilities producing renewable materials.
Does this cut the pollution that drives climate change?+6
By incentivizing the production of biobased renewable materials, the bill supports a shift away from fossil fuels.
Would business owners be better off under this?+6
The bill provides significant tax advantages for business owners investing in renewable material facilities.