US HB684 | 2011-2012 | 112th Congress


Status

February 14 2011 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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, 2016.

Tracking Information

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Title

To amend the Internal Revenue Code of 1986 to modify the incentives for the production of biodiesel.

Sponsors


History

DateChamberAction
2011-02-14HouseReferred to the House Committee on Ways and Means.
2011-02-14HouseSponsor introductory remarks on measure. (CR E222)

Same As/Similar To

HB2238 (Related) 2011-06-16 - Referred to the House Committee on Ways and Means.
SB1277 (Related) 2011-06-23 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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