US SB1277 | 2011-2012 | 112th Congress
Status
Spectrum: 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]
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]
Summary
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.
Title
Biodiesel Tax Incentive Reform and Extension Act of 2011
Sponsors
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] |
History
Date | Chamber | Action |
---|---|---|
2011-06-23 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
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.
HB2238 (Related) 2011-06-16 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
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 |