II
111th CONGRESS
2d Session
S. 3440
IN THE SENATE OF THE UNITED STATES
May 27 (legislative day, May 26), 2010
Mr. Grassley 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 extend the incentives for biodiesel and renewable diesel.
Short title
This Act may be cited as the
Emergency Biodiesel Tax Incentive
Extension Act of 2010
.
Incentives for biodiesel and renewable diesel
Credits for biodiesel and renewable diesel used as fuel
Subsection (g)
of section 40A of the Internal Revenue Code of 1986 is amended by striking
December 31, 2009
and inserting December 31,
2010
.
Excise tax credits and outlay payments for biodiesel and renewable diesel fuel mixtures
Paragraph (6) of section 6426(c) of the
Internal Revenue Code of 1986 is amended by striking December 31,
2009
and inserting December 31, 2010
.
Subparagraph (B) of section 6427(e)(6) of
the Internal Revenue Code of 1986 is amended by striking December 31,
2009
and inserting December 31, 2010
.
Effective date
The amendments made by this section shall apply to fuel sold or used after December 31, 2009.