H.R. 2498

To amend the Internal Revenue Code of 1986 to extend the tax incentives for the use of biodiesel through 2010.

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I

109th CONGRESS

1st Session

H. R. 2498

IN THE HOUSE OF REPRESENTATIVES

May 19, 2005

Mr. Hulshof (for himself, Mr. Pomeroy, Mr. Nussle, and Mr. Lewis of Kentucky) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to extend the tax incentives for the use of biodiesel through 2010.

1.

Extension of tax incentives for the use of biodiesel

(a)

Credit for biodiesel used as a fuel

Subsection (e) of section 40A of the Internal Revenue Code of 1986 (relating to termination) is amended by striking 2006 and inserting 2010.

(b)

Biodiesel mixture credit

Paragraph (6) of section 6426(c) of such Code (relating to termination) is amended by striking 2006 and inserting 2010.

(c)

Biodiesel used to produce biodiesel mixtures

Subparagraph (B) of section 6427(e)(3) of such Code (relating to termination) is amended by striking 2006 and inserting 2010.

(d)

Effective date

The amendments made by this section shall take effect on the date of the enactment of this Act.