S 3632
Renewable Chemicals Act of 2026
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:35 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Renewable Chemicals Act of 2026 aims to encourage the production and investment in renewable chemicals by providing tax credits. It offers a 15% credit for the sale of renewable chemicals produced in the U.S. from renewable biomass, subject to a limitation based on biobased content. Additionally, the bill creates a 30% investment tax credit for facilities dedicated to producing these chemicals, with specific criteria for eligibility and a national allocation limit. Finally, it coordinates these credits with existing tax provisions and establishes a framework for their implementation and oversight.
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