To amend the Internal Revenue Code of 1986 to extend the tax incentives for the use of biodiesel through 2010.

Amends the Internal Revenue Code to extend through December 31, 2010, the income tax credit for biodiesel used as fuel and the excise credits for biodiesel mixtures and biodiesel used to produce biodiesel mixtures.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2498 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 2498

To amend the Internal Revenue Code of 1986 to extend the tax incentives 
                 for the use of biodiesel through 2010.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 19, 2005

  Mr. Hulshof (for himself, Mr. Pomeroy, Mr. Nussle, and Mr. Lewis of 
  Kentucky) 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 the use of biodiesel through 2010.

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

SECTION 1. EXTENSION OF TAX INCENTIVES FOR THE USE OF BIODIESEL.

    (a) Credit for Biodiesel Used as a Fuel.--Subsection (e) of section 
40A of the Internal Revenue Code of 1986 (relating to termination) is 
amended by striking ``2006'' and inserting ``2010''.
    (b) Biodiesel Mixture Credit.--Paragraph (6) of section 6426(c) of 
such Code (relating to termination) is amended by striking ``2006'' and 
inserting ``2010''.
    (c) Biodiesel Used to Produce Biodiesel Mixtures.--Subparagraph (B) 
of section 6427(e)(3) of such Code (relating to termination) is amended 
by striking ``2006'' and inserting ``2010''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
                                 <all>