S 1250
111th Congress
Senate
Taxation
Alternative and renewable resources
Business investment and capital
Income tax credits
Income tax deductions
Algae-based Renewable Fuel Promotion Act of 2009
Introduced: June 11, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6557)
Jun 11, 2009
Sponsor introductory remarks on measure. (CR S6556-6557)
Jun 11, 2009
Introduced in Senate
Plain-English summary
Algae-based Renewable Fuel Promotion Act of 2009 - Amends the Internal Revenue Code to: (1) expand the definition of cellulosic biofuel to include algae-based biofuel for purposes of the cellulosic biofuel producer tax credit; and (2) allow accelerated depreciation of property used to produce algae-based biofuel. Defines "algae-based biofuel" as any liquid fuel which is produced from the biomass of an algal organism (i.e., an organism that is primarily aquatic and classified as a non-vascular plant).
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6557)
Committees of jurisdiction
1