Bill · H.R. 8497· House(119-HR-8497)

Supporting Energy and Economic Development (SEED) Act

Age: 55 years

Ohio

Introduced: 4/27/2026
Last activity: 4/27/2026 — Referred to the House Committee on Ways and Means.
Sponsored by: Mike Carey
Cosponsors: - 12 - 5

Taxation

Introduced
In Committee

What this bill would do

The SEED Act aims to amend the Internal Revenue Code of 1986. It focuses on extending incentives for biodiesel and renewable diesel. Specifically, the bill extends the expiration date for certain income tax credits and excise tax incentives from 2024 to 2029. It also introduces a provision to deny a double benefit for fuels that receive a credit under section 45Z(a). The changes apply to fuel sold or used on or after the date the Act is enacted.

Yes· 3 of 12

Does this put more money into wind, solar and other renewable power?+6
Extends critical financial incentives that attract investment into the biodiesel and renewable diesel industries.
Would farmers be better off under this?+6
Increases demand for agricultural feedstocks used in biodiesel and renewable diesel production.
Does this cut the pollution that drives climate change?+5
Encourages the use of biodiesel and renewable diesel which generally have lower carbon footprints than petroleum diesel.

The opposite

Does this reduce what the federal government owes?-2
Extending tax credits increases government expenditures/lost revenue, potentially increasing the deficit.
Does this reduce what the federal government spends?-2
The bill extends tax-funded incentives rather than reducing spending.
Does this make the government pay for what it commits to?-1
Extends tax expenditures without introducing new revenue offsets.