US HB2238 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 14-7)
Status: Introduced on June 16 2011 - 25% progression, died in committee
Action: 2011-06-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 16 2011 - 25% progression, died in committee
Action: 2011-06-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced, (2) provide for an increased income tax credit for small biodiesel producers, (3) revise the definitions of "biodiesel" and "small biodiesel producer," (4) treat renewable diesel in the same manner as biodiesel for income tax purposes, and (5) treat biodiesel as a taxable fuel for excise tax purposes. Extends the biodiesel income and excise tax credits through December 31, 2014. Requires the Comptroller General to report to Congress by June 30, 2015, on tax preferences for the production of fuel and electricity from renewables and fossil fuels and their benefits and costs to the environment and the economy.
Title
To amend the Internal Revenue Code of 1986 to modify the incentives for the production of biodiesel, and for other purposes.
Sponsors
Rep. Aaron Schock [R-IL] | Rep. Rick Berg [R-ND] | Rep. Leonard Boswell [D-IA] | Rep. Bruce Braley [D-IA] |
Rep. Mark Critz [D-PA] | Rep. Rosa DeLauro [D-CT] | Rep. Jeff Fortenberry [R-NE] | Rep. Colleen Hanabusa [D-HI] |
Sen. Mazie Hirono [D-HI] | Rep. Tim Holden [D-PA] | Rep. Jay Inslee [D-WA] | Rep. Timothy Johnson [R-IL] |
Rep. Steve King [R-IA] | Rep. Tom Latham [R-IA] | Rep. David Loebsack [D-IA] | Rep. Mike McIntyre [D-NC] |
Rep. Kristi Noem [R-SD] | Rep. Collin Peterson [D-MN] | Rep. Mike Ross [D-AR] | Rep. Jackie Speier [D-CA] |
Rep. Timothy Walz [D-MN] |
History
Date | Chamber | Action |
---|---|---|
2011-06-16 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB684 (Related) 2011-02-14 - Referred to the House Committee on Ways and Means.
SB1277 (Related) 2011-06-23 - Read twice and referred to the Committee on Finance.
SB1277 (Related) 2011-06-23 - Read twice and referred to the Committee on Finance.
Subjects
Alternative and renewable resources
Business investment and capital
Coal
Congressional oversight
Economic performance and conditions
Environmental assessment, monitoring, research
Government studies and investigations
Income tax credits
Income tax deductions
Income tax rates
Motor fuels
Oil and gas
Sales and excise taxes
Taxation
Business investment and capital
Coal
Congressional oversight
Economic performance and conditions
Environmental assessment, monitoring, research
Government studies and investigations
Income tax credits
Income tax deductions
Income tax rates
Motor fuels
Oil and gas
Sales and excise taxes
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/2238/all-info |
Text | https://www.congress.gov/112/bills/hr2238/BILLS-112hr2238ih.pdf |