To amend the Internal Revenue Code of 1986 to establish tax credits for the production of, and investment in, certain renewable materials.
Key claim: HR8137 would amend the Internal Revenue Code to create tax credits for the production of and investment in certain renewable materials.
Abstract
(HR8137 · 119th Congress) Latest action (2026-03-27): Referred to the House Committee on Ways and Means.
Why this matters
HR8137 would extend the established production tax credit / investment tax credit framework — historically used for wind, solar, and nuclear — into the renewable materials sector, shifting who benefits from federal tax expenditures toward producers and investors in bio-based or recycled feedstocks. Neutrally, it enlarges the set of sector-targeted IRC carve-outs, which supporters frame as industrial policy for a green economy and critics frame as narrowing the tax base. Its status is early: referred to the House Ways and Means Committee with no further action.