S.Amdt. 894
What it does: Adds SEC. __. PAYMENT TO CERTAIN ULTIMATE VENDORS OF EXCISE TAX REFUND FOR BIODIESEL MIXTURES SOLD FOR NONTAXABLE PURPOSES wherever appropriate
Sen. Ken Salazar (D-CO)What it changes
1 change to H.R. 6
Adds SEC. __. PAYMENT TO CERTAIN ULTIMATE VENDORS OF EXCISE TAX REFUND FOR BIODIESEL MIXTURES SOLD FOR NONTAXABLE PURPOSES wherever appropriate
Adds a sectionInserted: SEC. __. PAYMENT TO CERTAIN ULTIMATE VENDORS OF EXCISE TAX REFUND FOR BIODIESEL MIXTURES SOLD FOR NONTAXABLE PURPOSES.
Inserted: (a) In General.--Section 6427(l) of the Internal Revenue Code of 1986 (relating to nontaxable uses of diesel fuel and kerosene), as amended by this Act, is amended by adding at the end the following new paragraph:
Inserted: "(7) Refunds for biodiesel mixtures.--With respect to diesel fuel used in any biodiesel mixture, if the ultimate purchaser of such mixture waives (at such time and in such form and manner as the Secretary shall prescribe) the right to payment under paragraph (1) and assigns such right to the ultimate vendor, then the Secretary shall pay the amount which would be paid under paragraph (1) to such ultimate vendor, but only if such ultimate vendor--
Inserted: "(A) is registered under section 4101, and
Inserted: "(B) meets the requirements of subparagraph (A), (B), or (D) of section 6416(a)(1).".
Inserted: (b) Effective Date.--The amendment made by this section shall apply to any biodiesel mixture sold after the date of the enactment of this Act.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 894. Mr. SALAZAR submitted an amendment intended to be proposed by him to the bill H.R. 6, to ensure jobs for our future with secure, affordable, and reliable energy; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. PAYMENT TO CERTAIN ULTIMATE VENDORS OF EXCISE TAX REFUND FOR BIODIESEL MIXTURES SOLD FOR NONTAXABLE PURPOSES.
(a) In General.--Section 6427(l) of the Internal Revenue Code of 1986 (relating to nontaxable uses of diesel fuel and kerosene), as amended by this Act, is amended by adding at the end the following new paragraph:
“(7) Refunds for biodiesel mixtures.--With respect to diesel fuel used in any biodiesel mixture, if the ultimate purchaser of such mixture waives (at such time and in such form and manner as the Secretary shall prescribe) the right to payment under paragraph (1) and assigns such right to the ultimate vendor, then the Secretary shall pay the amount which would be paid under paragraph (1) to such ultimate vendor, but only if such ultimate vendor--
“(A) is registered under section 4101, and
“(B) meets the requirements of subparagraph (A), (B), or (D) of section 6416(a)(1).”.
(b) Effective Date.--The amendment made by this section shall apply to any biodiesel mixture sold after the date of the enactment of this Act.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
June 22, 2005