To amend the Internal Revenue Code of 1986 to extend the tax incentives for biodiesel.

Amends the Internal Revenue Code to extend until December 31, 2010, the tax credit for biodiesel used as fuel.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1255 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1255

To amend the Internal Revenue Code of 1986 to extend the tax incentives 
                             for biodiesel.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2005

  Mr. Peterson of Minnesota introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to extend the tax incentives 
                             for biodiesel.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF BIODIESEL TAX CREDITS.

    (a) In General.--Sections 40A(e), 6426(c)(6), and 6427(e)(3)(B) of 
the Internal Revenue Code of 1986 are each amended by striking ``2006'' 
and inserting ``2010''.
    (b) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
                                 <all>