Michelle Fischbach (R-MN)
To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.
A Republican bill with 4 Democratic cosponsors · See all 12 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +7
Does this put more money into wind, solar and other renewable power?
The bill provides direct investment credits for facilities producing renewable materials.
- Scored +6
Does this cut the pollution that drives climate change?
By incentivizing the production of biobased renewable materials, the bill supports a shift away from fossil fuels.
- Scored +6
Would business owners be better off under this?
The bill provides significant tax advantages for business owners investing in renewable material facilities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Credit for Production: Taxpayers can receive a credit of 10 cents per pound for qualified renewable material produced and sold or used in a trade or business (Section 4.a.1).
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Tax Credit for Investment: Taxpayers can receive a credit equal to 30 percent of the qualified investment made in a qualified facility (Section 2.a).
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Support for Domestic Production: The bill encourages the use of biomass that is manufactured, produced, grown, or extracted within the United States or its possessions (Section 1.b.1.A.iv).
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Transferability of Credits: The credits established under this bill are made transferable (Section 1.c and Section 2.c).
Potential Negative Impacts for People
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Cap on Production Credits: The amount of the production credit for any facility in any taxable year is limited to a maximum of $10,000,000 (Section 1.c.4).
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Exclusions from Benefits: Certain useful products are ineligible for these credits, including those used as fuel for vehicles or watercraft, products used to generate heat or electricity, and products suitable for use as food or feed (Section 1.b.1.B).
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Exclusion of Certain Facilities: A facility cannot claim the investment credit if it is already receiving the production credit for that same taxable year or any prior year (Section 1.c.2 and Section 2.b.3.B).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Environment Energy And Infrastructure
- Does this put more money into wind, solar and other renewable power? — The bill provides direct investment credits for facilities producing renewable materials. Does this cut the pollution that drives climate change? — By incentivizing the production of biobased renewable materials, the bill supports a shift away from fossil fuels. Does this better protect air, water and wildlife? — The focus on renewable materials promotes more sustainable industrial practices. Does this invest in rural communities? — The production of biomass often relies on agricultural sectors frequently found in rural areas.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides significant tax advantages for business owners investing in renewable material facilities. Would farmers be better off under this? — The bill's focus on biomass could benefit farmers by increasing the market demand for their crops. Would people in rural areas be better off under this? — The agricultural nature of biomass production could provide economic boosts to rural areas.
- Economy And Finance
- Is this likely to grow the economy? — The investment credits aim to stimulate economic activity through the development of new production facilities. Is this likely to create jobs? — The production and investment credits for renewable materials are likely to stimulate new industrial activity and employment in the manufacturing sector.
- Governance And Ideology
- Does this give the federal government more power? — The bill expands the scope of federal tax credits and regulatory oversight for the renewable materials industry.
- 9/16/2026
- 1 Cosponsor added.
- 9/15/2026
- 1 Cosponsor added.
- 9/1/2026
- 1 Cosponsor added.
- 8/10/2026
- 1 Cosponsor added.
- 7/15/2026
- 1 Cosponsor added.
- 7/14/2026
- 3 Cosponsors added.
- 5/20/2026
- 1 Cosponsor added.
- 5/15/2026
- 1 Cosponsor added.
- 4/15/2026
- 1 Cosponsor added.
- 3/27/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
James BairdRepublican · Indiana
Nikki BudzinskiDemocrat · Illinois
Sharice DavidsDemocrat · Kansas
Brad FinstadRepublican · Minnesota
Ashley HinsonRepublican · Iowa
Michael LawlerRepublican · New York
Tracey MannRepublican · Kansas
Mariannette Miller-MeeksRepublican · Iowa
Zachary NunnRepublican · Iowa
Josh RileyDemocrat · New York
Eric SorensenDemocrat · Illinois
Derrick Van OrdenRepublican · Wisconsin