The Renewable Chemicals Act of 2026 provides tax credits for producing renewable chemicals and investing in renewable chemical production facilities.
The Renewable Chemicals Act of 2026 amends the Internal Revenue Code to introduce tax credits for the production of renewable chemicals and investments in renewable chemical production facilities. A renewable chemical is defined as a chemical produced from renewable biomass in the United States, with at least 95 percent biobased content, and not used for food, feed, fuel, or pharmaceuticals. The act establishes a program for allocating credits to taxpayers, with a national limitation of $500 million and a per-taxpayer limit of $25 million.
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