HR 5142 111th Congress House Taxation Alternative and renewable resources Business investment and capital Income tax credits Income tax deductions

Grow a Renewable Energy Economy Now--Jumpstart Other Biofuels Act of 2010

Introduced: April 26, 2010 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 21, 2010

Rule H. Res. 1781 passed House.

Dec 21, 2010

Rules Committee Resolution H. Res. 1781 Reported to House. Rule provides for consideration of H.R. 5116, H.R. 2751 and H.R. 5142. Providing for consideration of the Senate amendment to H.R. 5116, consideration of the Senate amendments to H.R. 2751, and consideration of the Senate amendment H.R. 2142

Apr 26, 2010

Referred to the House Committee on Ways and Means.

Apr 26, 2010

Introduced in House

Plain-English summary Congressional Research Service

Grow a Renewable Energy Economy Now--Jumpstart Other Biofuels Act of 2010 - Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for investments in qualified cellulosic and algae-based biofuel facilities; (2) extend through 2016 the special depreciation allowance for qualified cellulosic biofuel plant property; (3) include algae-based biofuel within the definition of cellulosic biofuel for purposes of the cellulosic biofuel producer tax credit; (4) exclude from the definition of cellulosic biofuel any processed fuel with an acid number greater than 25; (5) extend through 2016 the cellulosic biofuel producer tax credit; and (6) allow a direct payment of 30% of the basis of cellulosic and algae-based biofuel facility property.

What's happening now December 21, 2010

Rule H. Res. 1781 passed House.

Committees of jurisdiction 1