S. 610 · 109th Congress
A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and…
Full title
A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TalentSponsor12 cosponsors · 7 D, 5 R
R
Bond
NC
R
Coleman
TH
D
Harkin
CH
R
Hagel
TJ
D
Johnson
BL
D
Lincoln
KS
D
Salazar
JT
R
Thune
RD
D
Durbin
RL
R
Lugar
BO
D
Obama
KC
D
Conrad8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to revise the tax credit for biodiesel used as fuel to include a credit for the production of agri-biodiesel fuel equal to 10 cents for each gallon produced.
What it does: CRS summary · Introduced in Senate · Mar 11, 2005
Amends the Internal Revenue Code to revise the tax credit for biodiesel used as fuel to include a credit for the production of agri-biodiesel fuel equal to 10 cents for each gallon produced. Limits: (1) the amount of qualified agri-biodiesel production of a producer to 15 million gallons for any taxable year; and (2) eligible producers to those with a productive capacity not exceeding 60 million gallons.
Revises the small ethanol producer tax credit to: (1) expand the eligibility of small ethanol producers for the credit; (2) exclude the credit from the definition of passive activity credit; and (3) exclude credit amounts from inclusion in gross income.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit.
Latest action (Mar 11, 2005): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2523-2524)
Policy area: Taxation · Origin: Senate · Introduced: Mar 11, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.