Bill · S. 4408· Senate(119-S-4408)
Supporting Energy and Economic Development (SEED) Act
- Introduced
- 4/28/2026
- Last activity
- 4/28/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Marsha Blackburn
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Supporting Energy and Economic Development (SEED) Act aims to amend the Internal Revenue Code of 1986. The primary purpose of the bill is to extend incentives for biodiesel and renewable diesel. It specifically modifies the expiration dates for certain income tax credits and excise tax incentives. These changes allow for continued credits after December 31, 2024, through December 31, 2029. The bill also includes provisions to prevent receiving a double benefit from different credits.
Yes· 3 of 7
Does this put more money into wind, solar and other renewable power?+4
The extension of these credits encourages continued investment in renewable fuel production.
Does this cut taxes for small businesses?+3
The bill extends tax credits for biodiesel and renewable diesel, which benefits fuel producers and related small businesses.
Does this cut the pollution that drives climate change?+3
The bill extends incentives for biodiesel and renewable diesel, which are lower-emission alternatives to fossil fuels.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Extension of biodiesel and renewable diesel incentives: This provision extends the biodiesel mixture credit, the biodiesel credit, and excise tax incentives. This change ensures that these credits remain available for sales or use after December s31, 2024, through December 31, 2029, as well as for the period between December 31, 2024, and the enactment of this Act. (Section 2(a)(1) and Section 2(b)(1)).
Potential Negative Impacts for People
- Denial of double benefit: The bill includes provisions that prevent individuals or entities from receiving multiple credits for the same fuel. Specifically, the amount of the excise tax credit shall be zero for fuel that qualifies for a clean fuel production credit under section 45Z(a), and no credit is allowed under section 45Z(f) if a credit is allowed under section 6426(c) or 6427(e). (Section 2(a)(2) and Section 2(b)(1)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Small Business Taxes+3Improves Economic Growth+2Increases Job Creation+2
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+4Reduces Carbon Emissions+3
- Demographic And Interest Groups
- Good For Business Owners+3Good For Farmers+2
- 4/28/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate