US Congress Senate Bill 1277 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Democrat 7-3)
Status: Introduced on June 23 2011 - 25% progression, died in committee
Action: 2011-06-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Biodiesel Tax Incentive Reform and Extension Act of 2011 - 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.

Biodiesel Tax Incentive Reform and Extension Act of 2011

Sen. Maria Cantwell [D-WA]	Sen. Roy Blunt [R-MO]	Sen. Al Franken [D-MN]	Sen. Chuck Grassley [R-IA]
Sen. Tom Harkin [D-IA]	Sen. Tim Johnson [D-SD]	Sen. Amy Klobuchar [D-MN]	Sen. Patty Murray [D-WA]
Sen. Jeanne Shaheen [D-NH]	Sen. John Thune [R-SD]

Date	Chamber	Action
2011-06-23	Senate	Read twice and referred to the Committee on Finance.

HB684 (Related) 2011-02-14 - Referred to the House Committee on Ways and Means.
HB2238 (Related) 2011-06-16 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/1277/all-info
Text	https://www.congress.gov/112/bills/s1277/BILLS-112s1277is.pdf