US Congress Senate Bill 1185 (Prior Session Legislation)

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June 13 2011 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Ethanol Reform and Deficit Reduction Act - Amends the Internal Revenue Code to: (1) link the amount of the volumetric ethanol excise tax credit (VEETC) for calendar quarters beginning after June 30, 2011, to the average price of crude oil in a calendar quarter, (2) modify the rates of the income tax credit for alcohol used as fuel and extend such credit through 2014, (3) extend the alternative fuel refueling property tax credit and the special depreciation allowance for cellulosic biofuel plant property, and (4) make permanent the cellulosic biofuel producer tax credit. Modifies the definition of "cellulosic biofuel" for purposes of the cellulosic biofuel producer tax credit and the special depreciation allowance to mean any liquid fuel that is derived solely by or from qualified feedstocks. Defines "qualified feedstocks" as any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and any cultivated algae, cyanobacteria, or lemna.

Ethanol Reform and Deficit Reduction Act

Sen Thune, John	Sen Blunt, Roy	Sen Casey, Robert P., Jr.	Sen Coats, Daniel
Sen Conrad, Kent	Sen Durbin, Richard	Sen Franken, Al	Sen Grassley, Chuck
Sen Harkin, Tom	Sen Hoeven, John	Sen Johanns, Mike	Sen Johnson, Tim
Sen Kirk, Mark Steven	Sen Klobuchar, Amy	Sen Lugar, Richard G.	Sen McCaskill, Claire
Sen Moran, Jerry	Sen Nelson, E. Benjamin

Date	Chamber	Action
2011-06-13	Senate	Read twice and referred to the Committee on Finance.
2011-06-13	Senate	Sponsor introductory remarks on measure. (CR S3734)

SB884 (Related) 2011-05-04 - Read twice and referred to the Committee on Finance.
HB2231 (Related) 2011-06-16 - Referred to House Budget

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN01185:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112s1185is/pdf/BILLS-112s1185is.pdf