S.Amdt. 3688

SA 3688. Mr. FRANKEN (for himself and Mr. Grassley) submitted an
amendment intended to be proposed to amendment SA 3679 proposed by Mr.
McConnell (for Mr. Thune (for himself and Mr. Nelson)) to the bill H.R.
636, to amend the Internal Revenue Code of 1986 to permanently extend
increased expensing limitations, and for other purposes; which was
ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. EXTENSION OF ADVANCED BIOFUEL TAX INCENTIVES.

(a) Extension of Second Generation Biofuel Producer
Credit.--
(1) In general.--Section 40(b)(6)(J)(i) of the Internal
Revenue Code of 1986 is amended by striking ``January 1,
2017'' and inserting ``January 1, 2020''.
(2) Effective date.--The amendment made by this subsection
shall apply to qualified second generation biofuel production
after the date of the enactment of this Act.
(b) Extension of Special Allowance for Second Generation
Biofuel Plant Property.--
(1) In general.--Section 168(l)(2)(D) of the Internal
Revenue Code of 1986 is amended by striking ``January 1,
2017'' and inserting ``January 1, 2020''.
(2) Effective date.--The amendment made by this subsection
shall apply to property placed in service after the date of
the enactment of this Act.
(c) Extension of Excise Tax Incentives for Alternative
Fuels.--
(1) In general.--Section 6426 of the Internal Revenue Code
of 1986 is amended--
(A) in subsection (d)(5), by striking ``December 31, 2016''
and inserting ``December 31, 2019'', and
(B) in subsection (e)(3), by striking ``December 31, 2016''
and inserting ``December 31, 2019''.
(2) Payments.--Section 6427(e)(6)(C) of such Code is
amended by striking ``December 31, 2016'' and inserting
``December 31, 2019''.
(3) Effective date.--The amendments made by this paragraph
shall apply to fuel sold or used after the date of the
enactment of this Act.
(d) Extension of Credit for Alternative Fuel Vehicle
Refueling Property.--
(1) In general.--Section 30C(g) of the Internal Revenue
Code of 1986 is amended by striking ``December 31, 2016'' and
inserting ``December 31, 2019''.
(2) Effective date.--The amendment made by this subsection
shall apply to property placed in service after the date of
the enactment of this Act.
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