S 240
108th Congress
Senate
Taxation
Agricultural cooperatives
Agriculture and Food
Alcohol as fuel
Commerce
Cooperative societies
Energy
Income tax
Minimum tax
Tax credits
Tax exclusion
A bill to amend the Internal Revenue Code of 1986 to allow allocation of small ethanol producer credit to patrons of cooperative, and for other purposes.
Introduced: January 29, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1746)
Jan 29, 2003
Sponsor introductory remarks on measure. (CR S1745-1746)
Jan 29, 2003
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code respecting the small ethanol producer credit to: (1) authorize credit allocation among a cooperative's patrons; (2) increase the gallon capacity for eligible producers; (3) make the credit a non-passive income credit; and (4) remove the credit from the alcohol fuel credit gross income inclusion.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1746)
Committees of jurisdiction
1
Cosponsors
1