S.Amdt. 4549

SA 4549. Mrs. LINCOLN (for herself and Mr. Carper) submitted an
amendment intended to be proposed to amendment SA 4519 proposed by Mr.
Reid (for himself, Mr. Baucus, and Ms. Landrieu) to the bill H.R. 5297,
to create the Small Business Lending Fund Program to direct the
Secretary of the Treasury to make capital investments in eligible
institutions in order to increase the availability of credit for small
businesses, to amend the Internal Revenue Code of 1986 to provide tax
incentives for small business job creation, and for other purposes;
which was ordered to lie on the table; as follows:

At the end of part II of subtitle A of title II, add the
following:

[[Page S6451]]

SEC. ___. INCENTIVES FOR BIODIESEL AND RENEWABLE DIESEL.

(a) Credits for Biodiesel and Renewable Diesel Used as
Fuel.--Subsection (g) of section 40A of the Internal Revenue
Code of 1986 is amended by striking ``December 31, 2009'' and
inserting ``December 31, 2010''.
(b) Excise Tax Credits and Outlay Payments for Biodiesel
and Renewable Diesel Fuel Mixtures.--
(1) Paragraph (6) of section 6426(c) of the Internal
Revenue Code of 1986 is amended by striking ``December 31,
2009'' and inserting ``December 31, 2010''.
(2) Subparagraph (B) of section 6427(e)(6) of such Code is
amended by striking ``December 31, 2009'' and inserting
``December 31, 2010''.
(c) Effective Date.--The amendments made by this section
shall apply to fuel sold or used after December 31, 2009.

SEC. ___. EXCISE TAX CREDITS AND OUTLAY PAYMENTS FOR
ALTERNATIVE FUEL AND ALTERNATIVE FUEL MIXTURES.

(a) Alternative Fuel Credit.--Paragraph (5) of section
6426(d) of the Internal Revenue Code of 1986 is amended by
striking ``after December 31, 2009'' and all that follows and
inserting ``after--
``(A) September 30, 2014, in the case of liquefied
hydrogen,
``(B) December 31, 2010, in the case of fuels described in
subparagraph (A), (C), (F), or (G) of paragraph (2), and
``(C) December 31, 2009, in any other case.''.
(b) Alternative Fuel Mixture Credit.--Paragraph (3) of
section 6426(e) of the Internal Revenue Code of 1986 is
amended by striking ``after December 31, 2009'' and all that
follows and inserting ``after--
``(A) September 30, 2014, in the case of liquefied
hydrogen,
``(B) December 31, 2010, in the case of fuels described in
subparagraph (A), (C), (F), or (G) of subsection (d)(2), and
``(C) December 31, 2009, in any other case.''.
(c) Payment Authority.--
(1) In general.--Paragraph (6) of section 6427(e) of the
Internal Revenue Code of 1986 is amended by striking ``and''
at the end of subparagraph (C), by striking the period at the
end of subparagraph (D) and inserting ``, and'', and by
adding at the end the following new subparagraph:
``(E) any alternative fuel or alternative fuel mixture (as
so defined) involving fuel described in subparagraph (A),
(C), (F), or (G) of section 6426(d)(2) sold or used after
December 31, 2010.''.
(2) Conforming amendment.--Subparagraph (C) of section
6427(e)(6) is amended by inserting ``or (E)'' after
``subparagraph (D)''.
(d) Exclusion of Black Liquor From Credit Eligibility.--The
last sentence of section 6426(d)(2)of the Internal Revenue
Code of 1986 is amended by striking ``or biodiesel'' and
inserting ``biodiesel, or any fuel (including lignin, wood
residues, or spent pulping liquors) derived from the
production of paper or pulp''.
(e) Effective Date.--The amendments made by this section
shall apply to fuel sold or used after December 31, 2009.
______