S. 3600Senate109th Congress (2005-2007)In Committee

A bill to amend the Internal Revenue Code of 1986 to allow the allocation of the alternative fuel vehicle refueling property credit to patrons of agricultural cooperatives.

Sponsored by Tom HarkinSen. Tom Harkin (D-IA)
Introduced June 29, 2006

Legislative Activity

Stay on top of the latest movement without scrolling through every action

2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

June 29, 2006

View full timeline
SenateIntro Referral

Introduced in Senate

June 29, 2006

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S6790-6791)

June 29, 2006

SenateIntro Referral

Read twice and referred to the Committee on Finance.

June 29, 2006

Floor Debate

18 members

What members said about S. 3600 on the floor

8 Republicans10 Democrats
Barack Obama
Sen. Barack ObamaD-IL · Jun 29, 2006

Mr. President, today, I wish to join my good friend, Senator Bayh, in introducing the Responsible Fatherhood and Healthy Families Act of 2006. This bill addresses a crisis afflicting too many…

Arlen Specter
Sen. Arlen SpecterR-PA · Jun 29, 2006

Mr. President, I have sought recognition to discuss the case of Hamdan v. Rumsfeld which was decided by the Supreme Court of the United States today and to address the question as to where we go from…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Jun 29, 2006

Mr. President, today I am introducing another piece of legislation with Senator Feinstein that addresses the critical issue of the Nation's energy policy, the EXTEND the Energy Efficiency Incentives…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Jun 29, 2006

Mr. President, today I rise to introduce mine and Senator Gordon Smith's bill, The Affordable Housing Preservation Act of 2006. Our bill provides a solution to preserve federally assisted affordable…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jun 29, 2006

Mr. President, I am pleased to introduce legislation today to protect a site of worldwide scientific significance in the Robledo Mountains in New Mexico. The bill, which is cosponsored by my…

Show 8 more
Tom Harkin
Sen. Tom HarkinD-IA · Jun 29, 2006

Mr. President, today I am introducing the Agricultural Cooperative Renewable Fuel Stations Act of 2006. This legislation closes a gap in the existing tax incentive for installing alternative…

Herb Kohl
Sen. Herb KohlD-WI · Jun 29, 2006

Mr. President, I rise to introduce the Railroad Antitrust Enforcement Act of 2006. This legislation will eliminate obsolete antitrust exemptions that protect freight railroads from competition. The…

Carl Levin
Sen. Carl LevinD-MI · Jun 29, 2006

Mr. President, I join my colleague, Senator Stabenow, in introducing the Great Lakes Migratory Bird Research and Management Act to learn more about a potential problem regarding double-crested…

John Cornyn
Sen. John CornynR-TX · Jun 29, 2006

Mr. President, I rise today to introduce legislation-- previously introduced in the 108th Congress--which I believe is important to the long-term competitiveness of North America. And I would like to…

Elizabeth Dole
Sen. Elizabeth DoleR-NC · Jun 29, 2006

Mr. President, across North Carolina and our Nation, many local communities face the challenge of what to do with blighted lands where factories and businesses once thrived. Though abandoned, these…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Jun 29, 2006

Mr. President, I am proud to introduce legislation which would designate the United States Postal Service located at 2951 New York Highway 43 in Averill Park, NY, as the Major George Quamo Post…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Jun 29, 2006

Mr. President, this is a bill that will reduce the estate tax and reform a system that needs to be reformed. It is an issue that many of us have been working on for several--not only several months…

Tom Harkin
Sen. Tom HarkinD-IA · Jun 29, 2006

Mr. President, today I am introducing the Agricultural Cooperative Renewable Fuel Stations Act of 2006. This legislation closes a gap in the existing tax incentive for installing alternative…

Show 6 more
Harry Reid
Sen. Harry ReidD-NV · Jun 29, 2006

Mr. President, I rise today to reintroduce legislation I originally introduced last Congress, a bill to make air travel safer by allowing local law enforcement to carry their firearms on aircrafts,…

Jim Bunning
Sen. Jim BunningR-KY · Jun 29, 2006

Mr. President, I rise today to introduce a bill to provide for relief from duties on the import of certain parts of motor vehicles. It is my intention that this duty suspension bill will be…

Wayne Allard
Sen. Wayne AllardR-CO · Jun 29, 2006

Mr. President, I rise today on the 100th anniversary of Mesa Verde National Park to offer legislation that would expand the boundary of this national treasure. Mesa Verde is one of our Nation's most…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · Jun 29, 2006

Mr. President, I rise to join Senator Schumer in offering legislation that will help maintain our Nation's affordable housing inventory. Our country's stock of affordable rental housing is shrinking.…

Pete V. Domenici
Sen. Pete V. DomeniciR-NM · Jun 29, 2006

Mr. President, the fossilized trackways near the Robledo Mountains in Dona Ana County came to my attention in the early 1990s. During the 101st Congress, I cosponsored Senator Bingaman's legislation…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Jun 29, 2006

Mr. President, today, I am introducing legislation to correct an unfair decision that hurts aging, retired VA nurses. This legislation is designed to correct a problem from a bill we passed in 2001,…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued June 29, 2006

II

109th CONGRESS

2d Session

S. 3600

IN THE SENATE OF THE UNITED STATES

June 29, 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 allow the allocation of the alternative fuel vehicle refueling property credit to patrons of agricultural cooperatives.

1.

Allocation of alternative fuel vehicle refueling property credit to patrons of agricultural cooperatives

(a)

In general

Subsection (e) of section 30C of the Internal Revenue Code of 1986 (relating to special rules) is amended by adding at the end the following new paragraph:

(6)

Allocation of credit to patrons of agricultural cooperative

(A)

Election to allocate

(i)

In general

In the case of an eligible cooperative organization, any portion of the credit determined under subsection (a) for the taxable year may, at the election of the organization, be apportioned among patrons of the organization on the basis of the amount of business done by the patrons during the taxable year.

(ii)

Form and effect of election

An election under clause (i) for any taxable year shall be made on a timely filed return for such year. Such election, once made, shall be irrevocable for such taxable year. Such election shall not take effect unless the organization designates the apportionment as such in a written notice mailed to its patrons during the payment period described in section 1382(d).

(B)

Treatment of organizations and patrons

The amount of the credit apportioned to any patrons under subparagraph (A)—

(i)

shall not be included in the amount determined under subsection (a) with respect to the organization for the taxable year, and

(ii)

shall be included in the amount determined under subsection (a) for the first taxable year of each patron ending on or after the last day of the payment period (as defined in section 1382(d)) for the taxable year of the organization or, if earlier, for the taxable year of each patron ending on or after the date on which the patron receives notice from the cooperative of the apportionment.

(C)

Special rules for decrease in credits for taxable year

If the amount of the credit of a cooperative organization determined under subsection (a) for a taxable year is less than the amount of such credit shown on the return of the cooperative organization for such year, an amount equal to the excess of—

(i)

such reduction, over

(ii)

the amount not apportioned to such patrons under subparagraph (A) for the taxable year,

shall be treated as an increase in tax imposed by this chapter on the organization. Such increase shall not be treated as tax imposed by this chapter for purposes of determining the amount of any credit under this chapter.
(D)

Eligible cooperative defined

For purposes of this section the term eligible cooperative means a cooperative organization described in section 1381(a) which is owned more than 50 percent by agricultural producers or by entities owned by agricultural producers. For this purpose an entity owned by an agricultural producer is one that is more than 50 percent owned by agricultural producers.

.

(b)

Conforming amendment

The last sentence of section 55(c)(1) is amended by inserting 30C(e)(6), after section.

(c)

Effective date

The amendment made by this section shall apply to taxable years of cooperative organizations ending after the date of the enactment of this Act.