S 1277
112th Congress
Senate
Taxation
Alternative and renewable resources
Income tax credits
Motor fuels
Sales and excise taxes
Biodiesel Tax Incentive Reform and Extension Act of 2011
Introduced: June 23, 2011
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 2011
Read twice and referred to the Committee on Finance.
Jun 23, 2011
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1