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]
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.
Title
To amend the Internal Revenue Code of 1986 to modify the incentives for the production of biodiesel.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-14 | House | Referred to the House Committee on Ways and Means. |
| 2011-02-14 | House | Sponsor 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.
SB1277 (Related) 2011-06-23 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN00684:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112hr684ih/pdf/BILLS-112hr684ih.pdf |
