S.Amdt. 4855
What it does: Adds Subtitle J--Small Business Refiners SEC. 591. DEFINITION OF SMALL BUSINESS REFINER at the end of title V
Sen. John Barrasso (R-WY)What it changes
1 change to S. 3036 · shown in the bill's text
Adds Subtitle J--Small Business Refiners SEC. 591. DEFINITION OF SMALL BUSINESS REFINER at the end of title V
Adds a sectionIn S. 3036 · Placed on Calendar Senate
"(17) IECC.--The term 'IECC' means the International Energy Conservation Code.".
Inserted: Subtitle J--Small Business Refiners SEC. 591. DEFINITION OF SMALL BUSINESS REFINER.
Inserted: In this subtitle:
Inserted: (1) In general.--The term "small business refiner" means a refiner that meets the applicable Federal refinery capacity and employee limitations criteria described in section 45H (c) of the Internal Revenue Code of 1986 (in effect on the date of enactment of this Act).
Inserted: (2) Exclusion.--The term "small business refiner" does not include an entity formed by a merger or acquisition involving a refining entity that--
Inserted: (A) does not meet the applicable criteria referred to in paragraph (1); and
Inserted: (B) occurred after December 31, 2007.
Inserted: SEC. 592. ALLOCATIONS.
Inserted: (a) Calendar Years 2012 Through 2017.--Notwithstanding any other provision of this Act, for each of calendar years 2012 through 2017, the Administrator shall--
Inserted: (1) adjust the allocations under subtitles E and F to owners and operators of carbon-intensive manufacturing facilities and fossil fuel-fired electric power generating facilities, respectively, by \1/2\ percent; and
Inserted: (2) allocate 1 percent of the emission allowances established under section 201(a) for those facilities to small business refiners in accordance with this subtitle.
Inserted: (b) Calendar Years 2018 Through 2030.--Notwithstanding any other provision of this Act, for each of calendar years 2012 through 2017, the Administrator shall--
Inserted: (1) adjust the allocations under subtitle G to owners and operators of facilities that manufacture petroleum-based liquid or gaseous fuel by 1 percent; and
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Inserted: (2) allocate 1 percent of the emission allowances established under section 201(a) for those facilities to small business refiners in accordance with this subtitle.
Inserted: SEC. 593. TREATMENT OF EXPANSIONS.
Inserted: Emissions of carbon dioxide equivalent from transportation fuel resulting from an expansion in capacity by a small business refiner that qualifies under section 179(c) of the Internal Revenue Code of 1986 shall be added to the 2006 carbon dioxide equivalents of the small business refiner for the purpose of calculating the quantity of emission allowances to be distributed to the small business refiner under this subtitle.
Original wording
At the end of title V, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 4855. Mr. BARRASSO submitted an amendment intended to be proposed by him to the bill S. 3036, to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes; which was ordered to lie on the table; as follows:
At the end of title V, add the following:
Subtitle J--Small Business Refiners SEC. 591. DEFINITION OF SMALL BUSINESS REFINER.
In this subtitle:
(1) In general.--The term “small business refiner” means a refiner that meets the applicable Federal refinery capacity and employee limitations criteria described in section 45H (c) of the Internal Revenue Code of 1986 (in effect on the date of enactment of this Act).
(2) Exclusion.--The term “small business refiner” does not include an entity formed by a merger or acquisition involving a refining entity that--
(A) does not meet the applicable criteria referred to in paragraph (1); and
(B) occurred after December 31, 2007.
SEC. 592. ALLOCATIONS.
(a) Calendar Years 2012 Through 2017.--Notwithstanding any other provision of this Act, for each of calendar years 2012 through 2017, the Administrator shall--
(1) adjust the allocations under subtitles E and F to owners and operators of carbon-intensive manufacturing facilities and fossil fuel-fired electric power generating facilities, respectively, by \1/2\ percent; and
(2) allocate 1 percent of the emission allowances established under section 201(a) for those facilities to small business refiners in accordance with this subtitle.
(b) Calendar Years 2018 Through 2030.--Notwithstanding any other provision of this Act, for each of calendar years 2012 through 2017, the Administrator shall--
(1) adjust the allocations under subtitle G to owners and operators of facilities that manufacture petroleum-based liquid or gaseous fuel by 1 percent; and
(2) allocate 1 percent of the emission allowances established under section 201(a) for those facilities to small business refiners in accordance with this subtitle.
SEC. 593. TREATMENT OF EXPANSIONS.
Emissions of carbon dioxide equivalent from transportation fuel resulting from an expansion in capacity by a small business refiner that qualifies under section 179(c) of the Internal Revenue Code of 1986 shall be added to the 2006 carbon dioxide equivalents of the small business refiner for the purpose of calculating the quantity of emission allowances to be distributed to the small business refiner under this subtitle.
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Senate amendment submitted
June 4, 2008