HR 4070
111th Congress
House
Taxation
Alternative and renewable resources
Income tax credits
Motor fuels
Sales and excise taxes
To amend the Internal Revenue Code of 1986 to modify the incentives for the production of biodiesel.
Introduced: November 16, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2009
Referred to the House Committee on Ways and Means.
Nov 16, 2009
Introduced in House
Plain-English 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, 2014.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1