US HB3460 | 2009-2010 | 111th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on July 31 2009 - 25% progression, died in committee
Action: 2009-09-08 - Referred to the Subcommittee on Energy and Environment.
Pending: House Subcommittee on Energy and Environment Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Clean Air Act to include algae-based biofuel in the renewable fuel program. Defines "algae-based biofuel," for purposes of such Act, as liquid fuel derived from the biomass of single- or multi-cellular organisms which are inherently aquatic and classified as non-vascular plants and that have lifecycle greenhouse gas emissions that are at least 60% less than the baseline for such emissions. Amends the Internal Revenue Code to: (1) expand the definition of cellulosic biofuel to include algae-based biofuel for purposes of the cellulosic biofuel producer tax credit; and (2) allow accelerated depreciation of property used to produce algae-based biofuel. Defines "algae-based biofuel" as any liquid fuel which is produced from the biomass of an algal organism (i.e., an organism that is primarily aquatic and classified as a non-vascular plant).

Tracking Information

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Title

To amend the Clean Air Act to include algae-based biofuel in the renewable fuel program and amend the Internal Revenue Code of 1986 to include algae-based biofuel in the cellulosic biofuel producer credit.

Sponsors


History

DateChamberAction
2009-09-08 Referred to the Subcommittee on Energy and Environment.
2009-07-31 Referred to House Energy and Commerce
2009-07-31 Referred to House Ways and Means
2009-07-31 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Same As/Similar To

SB1250 (Related) 2009-06-11 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6557)

Subjects


US Congress State Sources


Bill Comments

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