The Strengthening Economic and Energy Development (SEED) Act would extend the Section 40A biodiesel tax credit through 2029, restoring a successful energy policy that promotes the production of biofuels, supports America’s long-term energy independence, and helps keep the cost of diesel low.
Extend the Section 40A biodiesel tax credit through 2029 to restore the $1 per gallon Biodiesel Tax Credit.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
H.R. 8497 was introduced by Mr. Carey and referred to Ways and Means. The bill amends Section 40A(g) by striking "2024" and inserting "2029" and makes parallel biodiesel excise-tax changes.
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists the last action date as April 27, 2026: Carey introduced H.R. 8497 and it was referred to the House Committee on Ways and Means.
Assessments
Carey materially advanced the promise in his current federal House term by introducing H.R. 8497, the SEED Act, which directly amends Section 40A to extend biodiesel and renewable diesel incentives through 2029 and restore the $1 per gallon Biodiesel Tax Credit. However, the available official bill status shows only introduction and referral to the House Ways and Means Committee on April 27, 2026, with no enactment or passage into law. Because the promised policy has not yet been delivered but the legislative vehicle remains pending during the same term, this is unresolved rather than delivered or never.