S. 2309

A bill to amend the Internal Revenue Code of 1986 to modify the definition of agri-biodiesel.

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II

109th CONGRESS

2d Session

S. 2309

IN THE SENATE OF THE UNITED STATES

February 16, 2006

Mr. Harkin introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to modify the definition of agri-biodiesel.

1.

Modification of definition of agri-biodiesel

(a)

In general

Paragraph (2) of section 40A(d) of the Internal Revenue Code of 1986 (relating to agri-biodiesel) is amended to read as follows:

(2)

Agri-biodiesel

The term agri-biodiesel means biodiesel derived solely from esters derived from—

(A)

virgin vegetable oils—

(i)

from corn, soybeans, sunflower seeds, cottonseeds, canola, crambe, rapeseeds, safflowers, flaxseeds, rice bran, and mustard seeds, and

(ii)

which have a cloud point of 45 degrees or less, and

(B)

animal fats.

.

(b)

Effective date

The amendment made by this section shall apply to fuel sold or used after the date of the enactment of this Act.