CLEAR Skies Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2932 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2932 To amend the Internal Revenue Code of 1986 to establish a tax credit for the production of aviation gasoline that is free of tetra-ethyl- lead. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 17, 2025 Mr. Garcia of California (for himself and Mr. Obernolte) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish a tax credit for the production of aviation gasoline that is free of tetra-ethyl- lead. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Cutting Lead Exposure and Aviation Relief Skies Act'' or the ``CLEAR Skies Act''. SEC. 2. AVIATION GASOLINE PRODUCTION CREDIT. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 45BB. AVIATION GASOLINE PRODUCTION CREDIT. ``(a) Amount of Credit.-- ``(1) In general.--For purposes of section 38, the aviation gasoline production credit determined under this section for the taxable year is an amount equal to the product of-- ``(A) the number of gallons of qualified aviation gasoline produced by the taxpayer and sold by the taxpayer in the manner described in paragraph (5) during the taxable year, multiplied by ``(B) the applicable amount with respect to such gasoline. ``(2) Applicable amount.--The applicable amount under this paragraph is equal to-- ``(A) in the case of qualified aviation gasoline sold during calendar year 2026, $1.25, ``(B) in the case of qualified aviation gasoline sold during calendar year 2027,