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S.Amdt. 1988Senate112th Congress (2011-2013)

S.Amdt. 1988

What it does: Rewrites section 115
Sponsored by Robert P. Casey Jr.Sen. Robert P. Casey Jr. (D-PA)
Submitted March 28, 2012

What it changes

1 change to S. 2204 · shown in the bill's text

Rewrites a provision

  1. Rewrites section 115

    Replaces

    In S. 2204 · Placed on Calendar Senate

    SEC. 115. EXTENSION [inserted: AND MODIFICATION ]OF ALTERNATIVE FUELS EXCISE TAX CREDITS.

    Inserted: (a) Extension.--

    ([struck: a][inserted: 1]) [struck: In General][inserted: Excise tax credits].--Sections 6426(d)(5)[struck: , ][inserted: and ]6426(e)(3)[struck: , and 6427(e)(6)(C) ][inserted: ]of the Internal Revenue Code of 1986 are each amended by striking "December 31, 2011[inserted: (September 30, 2014, in the case of any sale or use involving liquified hydrogen)]" and inserting "December 31, [struck: 2012][inserted: 2015]".

    Struck: (b) Effective Date.--The amendments made by this section shall apply to fuel sold or used after December 31, 2011.

    Inserted: (2) Payments.--Section 6427(e)(6) of such Code is amended by inserting "and" at the end of subparagraph (B) and by striking subparagraphs (C) and (D) and inserting the following:

    Inserted: "(C) any alternative fuel or alternative fuel mixture (as defined in subsection (d)(2) or (e)(3) of section 6426) sold or used after December 31, 2015.".

    Inserted: (b) Application of Credit to Use in Trains.--Paragraph (1) of section 6426(d) of such Code is amended by striking "in a motor vehicle or motorboat" and inserting "in a motor vehicle, motorboat, or vehicle on rail".

    Inserted: (c) Effective Date.--The amendments made by this section shall apply to fuel sold or used after December 31, 2011.

    Original wording

    Strike section 115 and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed

SA 1988. Mr. CASEY submitted an amendment intended to be proposed by him to the bill S. 2204, to eliminate unnecessary tax subsidies and promote renewable energy and energy conservation; which was ordered to lie on the table; as follows:

Strike section 115 and insert the following:

SEC. 115. EXTENSION AND MODIFICATION OF ALTERNATIVE FUELS EXCISE TAX CREDITS.

(a) Extension.--

(1) Excise tax credits.--Sections 6426(d)(5) and 6426(e)(3) of the Internal Revenue Code of 1986 are each amended by striking “December 31, 2011 (September 30, 2014, in the case of any sale or use involving liquified hydrogen)” and inserting “December 31, 2015”.

(2) Payments.--Section 6427(e)(6) of such Code is amended by inserting “and” at the end of subparagraph (B) and by striking subparagraphs (C) and (D) and inserting the following:

“(C) any alternative fuel or alternative fuel mixture (as defined in subsection (d)(2) or (e)(3) of section 6426) sold or used after December 31, 2015.”.

(b) Application of Credit to Use in Trains.--Paragraph (1) of section 6426(d) of such Code is amended by striking “in a motor vehicle or motorboat” and inserting “in a motor vehicle, motorboat, or vehicle on rail”.

(c) Effective Date.--The amendments made by this section shall apply to fuel sold or used after December 31, 2011.

Congressional RecordPDF

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Floor Latest Action

Senate amendment submitted

March 28, 2012