US Congress House Bill 2238 (Prior Session Legislation)

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June 16 2011 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced, (2) provide for an increased income tax credit for small biodiesel producers, (3) revise the definitions of "biodiesel" and "small biodiesel producer," (4) treat renewable diesel in the same manner as biodiesel for income tax purposes, and (5) treat biodiesel as a taxable fuel for excise tax purposes. Extends the biodiesel income and excise tax credits through December 31, 2014. Requires the Comptroller General to report to Congress by June 30, 2015, on tax preferences for the production of fuel and electricity from renewables and fossil fuels and their benefits and costs to the environment and the economy.

To amend the Internal Revenue Code of 1986 to modify the incentives for the production of biodiesel, and for other purposes.

Rep Schock, Aaron	Rep Berg, Rick	Rep Boswell, Leonard L.	Rep Braley, Bruce L.
Rep Critz, Mark S.	Rep DeLauro, Rosa L.	Rep Fortenberry, Jeff	Rep Hanabusa, Colleen W.
Rep Hirono, Mazie K.	Rep Holden, Tim	Rep Inslee, Jay	Rep Johnson, Timothy V.
Rep King, Steve	Rep Latham, Tom	Rep Loebsack, David	Rep McIntyre, Mike
Rep Noem, Kristi L.	Rep Peterson, Collin C.	Rep Ross, Mike	Rep Speier, Jackie
Rep Walz, Timothy J.

Date	Chamber	Action
2011-06-16	House	Referred to the House Committee on Ways and Means.

HB684 (Related) 2011-02-14 - Referred to the House Committee on Ways and Means.
SB1277 (Related) 2011-06-23 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN02238:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr2238ih/pdf/BILLS-112hr2238ih.pdf