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

Referred to the House Committee on Ways and Means.

2026-03-27

The bill would create tax credits to encourage companies to produce renewable materials and investors to fund those operations, making it financially attractive for businesses to shift toward sustainable alternatives to traditional materials. These credits would reduce the taxes that qualifying companies owe, effectively subsidizing the development and manufacturing of renewable products. The goal is to boost the renewable materials industry and help transition away from fossil fuel-dependent production.