S 530
112th Congress
Senate
Energy
Alternative and renewable resources
Income tax credits
Motor fuels
Sales and excise taxes
Tariffs
A bill to modify certain subsidies for ethanol production, and for other purposes.
Introduced: March 9, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2011
Sponsor introductory remarks on measure. (CR S1543-1544)
Mar 9, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 3/10/2011 S1544)
Mar 9, 2011
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to limit, after June 30, 2011, the eligibility for the income and excise tax credits for alcohol used as fuel to ethanol that qualifies as an advanced biofuel under the Clean Air Act.
Requires the President to: (1) reduce semiannually the temporary duty imposed on ethanol by an amount equal to the reduction in any federal income or excise tax credit for alcohol and ethanol blends used as fuel; and (2) take other actions necessary to ensure that the combined temporary duty and any other duty imposed on ethanol is equal to, or lower than, any federal income or excise tax credit applicable to ethanol.
What's happening now
Sponsor introductory remarks on measure. (CR S1543-1544)
Committees of jurisdiction
1
Cosponsors
1