S. 3291Senate110th Congress (2007-2009)In Committee

Biofuels Pipeline Act of 2008

Sponsored by Tom HarkinSen. Tom Harkin (D-IA)
Introduced July 21, 2008

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.

July 21, 2008

View full timeline
SenateIntro Referral

Introduced in Senate

July 21, 2008

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S6973-6974)

July 21, 2008

SenateIntro Referral

Read twice and referred to the Committee on Finance.

July 21, 2008

Floor Debate

4 members

What members said about S. 3291 on the floor

1 Republican3 Democrats
John F. Kerry
Sen. John F. KerryD-MA · Jul 21, 2008

Mr. President, today I am introducing the Emergency Energy Assistance Act of 2008, which will provide emergency relief to families in Massachusetts and around the country who are suffering from…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jul 21, 2008

Mr. President, today I am introducing an important measure that will provide local, State, and Tribal law enforcement agencies along our Nation's borders with critical assistance in addressing…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · Jul 21, 2008

Mr. President, I rise today to introduce the Border Law Enforcement Relief Act of 2008. This legislation will address one of the most serious threats facing our communities--drug trafficking. The…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Jul 21, 2008

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. Mr. President, today I introduce legislation cosponsored by Senator Specter that would extend for 5 years…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued July 21, 2008

II

110th CONGRESS

2d Session

S. 3291

IN THE SENATE OF THE UNITED STATES

July 21 (legislative day, July 17), 2008

Mr. Harkin (for himself and Mr. Lugar) 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 treat certain income and gains relating to fuels as qualifying income for publicly traded partnerships.

1.

Short title

This Act may be cited as the Biofuels Pipeline Act of 2008.

2.

Certain income and gains relating to fuels treated as qualifying income for publicly traded partnerships

(a)

In general

Subparagraph (E) of section 7704(d)(1) of the Internal Revenue Code of 1986 (defining qualifying income) is amended by inserting “, or the transportation, storage, or marketing of any fuel which meets the registration requirements for fuels and fuel additives established by the Environmental Protection Agency under section 211 of the Clean Air Act (42 U.S.C. 7545)” after timber).

(b)

Effective date

The amendment made by this section shall take effect on the date of the enactment of this Act, in taxable years ending after such date.