US HB5142 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 51-6)
Status: Introduced on April 26 2010 - 25% progression, died in chamber
Action: 2010-12-21 - Rule H. Res. 1781 passed House.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 26 2010 - 25% progression, died in chamber
Action: 2010-12-21 - Rule H. Res. 1781 passed House.
Text: Latest bill text (Introduced) [PDF]
Summary
Grow a Renewable Energy Economy Now--Jumpstart Other Biofuels Act of 2010 - Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for investments in qualified cellulosic and algae-based biofuel facilities; (2) extend through 2016 the special depreciation allowance for qualified cellulosic biofuel plant property; (3) include algae-based biofuel within the definition of cellulosic biofuel for purposes of the cellulosic biofuel producer tax credit; (4) exclude from the definition of cellulosic biofuel any processed fuel with an acid number greater than 25; (5) extend through 2016 the cellulosic biofuel producer tax credit; and (6) allow a direct payment of 30% of the basis of cellulosic and algae-based biofuel facility property.
Title
Grow a Renewable Energy Economy Now--Jumpstart Other Biofuels Act of 2010
Sponsors
History
Date | Chamber | Action |
---|---|---|
2010-12-21 | Rule H. Res. 1781 passed House. | |
2010-12-21 | Rules Committee Resolution H. Res. 1781 Reported to House. Rule provides for consideration of H.R. 5116, H.R. 2751 and H.R. 5142. Providing for consideration of the Senate amendment to H.R. 5116, consideration of the Senate amendments to H.R. 2751, and consideration of the Senate amendment H.R. 2142 | |
2010-04-26 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HR1781 (Related) 2010-12-21 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Alternative and renewable resources
Business investment and capital
Income tax credits
Income tax deductions
Taxation
Business investment and capital
Income tax credits
Income tax deductions
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/5142/all-info |
Text | https://www.congress.gov/111/bills/hr5142/BILLS-111hr5142ih.pdf |