Bioenergy Innovation, Optional Fuel Utilization, and Energy Legacy (BIOFUEL) Act of 2006 - Amends the Clean Air Act to revise the schedule for the volume of renewable fuels, the volume for cellulosic biomass, and the volume of biodiesel.
Amends federal transportation law to require manufacturers of new dual fueled automobiles to ensure that the percentage of the total of such automobiles, manufactured and distributed in commerce for sale in the United States, meets prescribed percentages for specified model years.
Directs the Secretary of Energy to require motor fuel retailers in each geographic region the Secretary establishes, when flexible-fuel vehicle market penetrations reach a certain level, to install an E-85 fuel pump or pumps at their retail fuel facilities.
Establishes in the Treasury a Alternative Fuel Infrastructure Fund to implement a related grant program.
Directs the Secretary of Agriculture to establish a renewable energy strategic feedstock reserve program to purchase and store agricultural commodities with their producers.
Amends the Farm Security and Rural Investment Act of 2002 to: (1) redefine bioenergy as ethanol derived from cellulosic feedstocks; and (2) reauthorize the Department of Agriculture bioenergy program.
Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans to enable eligible farmers, ranchers, and certain domestic entities controlled by them to create or expand facilities designed to convert agricultural commodities into fuel.
Prohibits the Secretary from requiring a lender to obtain an unsubordinated interest in a borrower's farming or ranching operation as a prerequisite to a federal loan guarantee.
Amends the Farm Credit Act of 1971 to declare eligible for credit assistance certain associations of farmers, producers, or harvesters of aquatic products engaged in commercial activities related to renewable energy products.
Instructs the Secretary of Energy to establish a research and development program related to: (1) ethanol production; (2) extraction of energy from biological sources; (3) biomass gasification; and (4) new vehicle efficiency technologies.
Instructs the Secretary of Energy to establish a biofuels production facility grant program.
Expresses the sense of Congress that Congress should enact policies that: (1) reduce greenhouse gas emissions; and (2) encourage systems that compensate American agricultural producers for the beneficial role that they play in reducing greenhouse gases and sequestering carbon from the atmosphere.
Amends the Internal Revenue Code to: (1) extend tax credits for ethanol and biodiesel; (2) increase tax credits for refueling property for ethanol and biodiesel; and (3) increase the small ethanol producer credit.
Revises requirements for infrastructure bonds for facilities producing motor vehicle fuel from biomass.
[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5372 Introduced in House (IH)]
109th CONGRESS
2d Session
H. R. 5372
To promote the increased utilization of domestically produced,
renewable, biobased motor vehicle fuel supplies and the increased
manufacture of flexible-fuel vehicles in the United States, and for
other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 11, 2006
Ms. Herseth (for herself, Mr. Etheridge, Ms. Pelosi, Mr. Peterson of
Minnesota, Mr. Delahunt, Ms. Kaptur, Mr. Inslee, Mr. Pomeroy, Mr.
Holden, Mr. Ford, Mr. Salazar, Mr. Kind, Ms. DeLauro, and Ms. McCollum
of Minnesota) introduced the following bill; which was referred to the
Committee on Energy and Commerce, and in addition to the Committees on
Agriculture, Science, and Ways and Means, 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
_______________________________________________________________________
A BILL
To promote the increased utilization of domestically produced,
renewable, biobased motor vehicle fuel supplies and the increased
manufacture of flexible-fuel vehicles in the United States, and for
other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Bioenergy Innovation, Optional Fuel
Utilization, and Energy Legacy (BIOFUEL) Act of 2006''.
SEC. 2. DEFINITIONS.
For purposes of this Act--
(1) the term ``B-20 fuel'' means diesel fuel containing 20
percent biodiesel;
(2) the term ``dual fueled automobile'' has the meaning
given such term in section 32901(a)(8) of title 49, United
States Code;
(3) the term ``E-85 fuel'' means automotive fuel containing
gasoline and 85 percent ethanol; and
(4) the term ``flexible-fuel vehicle'' means a vehicle
capable of operating on gasoline and on any mixture containing
gasoline and up to 85 percent ethanol.
TITLE I--BIOFUELS PROGRAMS
SEC. 101. VOLUME OF RENEWABLE FUELS.
(a) Renewable Fuels Schedule.--Section 211(o)(2)(B) of the Clean
Air Act (42 U.S.C. 7545((o)(2)(B)) is amended to read as follows:
``(B) Applicable volume.--
``(i) Calendar years 2006 through 2008.--
For the purpose of subparagraph (A), the
applicable volume for any of calendar years
2006 through 2008 shall be determined in
accordance with the following table:
Applicable volume
of renewable fuel
``Calendar Year: (in billions of gallons):
2006.......................................... 4.0
2007.......................................... 4.7
2008.......................................... 5.4.
``(ii) Calendar years 2009 through 2015 and
thereafter.--For the purpose of subparagraph
(A), the applicable volume for any of calendar
years 2009 through 2015 and thereafter shall be
determined in accordance with the following
table where the applicable volume is a
percentage of the total number of gallons of
light duty motor vehicle fuel (other than
diesel fuel) sold or introduced into commerce,
as estimated by the Administrator in
cooperation with the Secretary of Energy:
Applicable volume of
``Calendar year: renewable fuel:
2009.......................................... 6%
2010.......................................... 7%
2011.......................................... 9%
2012.......................................... 11%
2013.......................................... 14%
2014.......................................... 17%
2015 and thereafter........................... 20%.
``(iii) Minimum quantity derived from
cellulosic biomass.--For calendar year 2009 and
each calendar year thereafter through 2015, the
2.5-to-1 ratio referred to in paragraph (4)
shall not apply and of the applicable volume of
renewable fuel referred to in clause (i) a
portion shall consist of renewable fuel created
from cellulosic feedstocks as specified in the
following table. The percentages in the table
refer to a percentage of the total of the
applicable volume of renewable fuel required
under clause (ii).
Portion of applicable
volume consisting of
``Calendar year: cellulosic biomass
2009.......................................... 4%
2010.......................................... 6%
2011.......................................... 9%
2012.......................................... 13%
2013.......................................... 18%
2014.......................................... 24%
2015 and thereafter........................... 30%''.
(b) Biodiesel Program.--
(1) Biodiesel fuel program.--Section 211 of the Clean Air
Act (42 U.S.C. 7545) is amended by inserting after subsection
(o) the following:
``(p) Biodiesel Program.--
``(1) Definition of biodiesel.--In this subsection, the
term `biodiesel' means biodiesel (as defined in section 312(f)
of the Energy Policy Act of 1992 (42 U.S.C. 13220(f))).
``(2) Biodiesel fuel program.--
``(A) Regulations.--
``(i) In general.--Not later than 1 year
after the date of enactment of this subsection,
the Administrator shall promulgate regulations
to ensure that diesel sold or introduced into
commerce in the United States (except in
noncontiguous States or territories), on an
annual average basis, contains the applicable
volume of biodiesel fuel determined in
accordance with subparagraph (B).
``(ii) Provisions of regulations.--
Regardless of the date of promulgation, the
regulations promulgated under clause (i)--
``(I) shall contain compliance
provisions applicable to refineries,
blenders, distributors, and importers,
as appropriate, to ensure that the
requirements of this paragraph are met;
but
``(II) shall not restrict
geographic areas in which biodiesel
fuel may be used or impose any per-
gallon obligation for the use of
biodiesel fuel.
``(B) Applicable volume in calendar years after
2008.--For the purpose of subparagraph (A), the
applicable volume for each calendar year after 2008
shall be a percentage of the total volume of diesel
fuel sold or introduced into commerce in that calendar
year, determined in accordance with the following
table:
Applicable volume of
biodiesel as a
percentage of total
``Calendar year: diesel fuel:
2009.......................................... 1%
2010.......................................... 2%
2011.......................................... 3%
2012.......................................... 5%
2013.......................................... 7%
2014.......................................... 10%
2015 and thereafter........................... 15%.
``(3) Credit program.--
``(A) In general.--The regulations promulgated
pursuant to paragraph (2)(A) shall provide for the
generation of an appropriate amount of credits by any
person that refines, blends, or imports diesel that
contains a quantity of biodiesel fuel that is greater
than the quantity required under paragraph (2).
``(B) Use of credits.--A person that generates a
credit under subparagraph (A) may use the credit, or
transfer all or a portion of the credit to another
person, for the purpose of complying with regulations
promulgated pursuant to paragraph (2).
``(C) Duration of credits.--A credit generated
under this paragraph shall be valid during the 1-year
period beginning on the date on which the credit is
generated.
``(D) Inability to generate or purchase sufficient
credits.--The regulations promulgated pursuant to
paragraph (2)(A) shall include provisions allowing any
person that is unable to generate or purchase
sufficient credits under subparagraph (A) to meet the
requirements of paragraph (2) by carrying forward a
credit generated during a previous year on the
condition that the person, during the calendar year
following the year in which the biodiesel fuel deficit
is created--
``(i) achieves compliance with the
biodiesel fuel requirement under paragraph (2);
and
``(ii) generates or purchases additional
credits under subparagraph (A) to offset the
deficit of the previous year.''.
SEC. 102. REQUIREMENT TO MANUFACTURE DUAL FUELED AUTOMOBILES.
(a) Requirement.--
(1) In general.--Chapter 329 of title 49, United States
Code, is amended by inserting after section 32902 the
following:
``Sec. 32902A. Requirement to manufacture dual fueled automobiles
``(a) Requirement.--Each manufacturer of new automobiles that are
capable of operating on gasoline or diesel fuel shall ensure that the
percentage of the total of such automobiles, manufactured and
distributed in commerce for sale in the United States, which are dual
fueled automobiles (as defined in this chapter) is equal to not less
than the applicable percentage for each applicable model year set forth
in the following table:
The percentage of dual
fueled automobiles
``For each of the following manufactured shall be
model years: not less than:
2008.......................................... 10
2009.......................................... 20
2010.......................................... 30
2011.......................................... 40
2012.......................................... 50
2013.......................................... 75.
``(b) Production Credits for Exceeding Flexible Fuel Automobile
Production Requirement.--
``(1) Earning and period for applying credits.--If the
number of dual fueled automobiles manufactured by a
manufacturer in a particular model year exceeds the number
required under subsection (a), the manufacturer earns credits
under this section, which may be applied to any of the 3
consecutive model years immediately after the model year for
which the credits are earned.
``(2) Trading credits.--A manufacturer that has earned
credits under paragraph (1) may sell credits to another
manufacturer to enable the purchaser to meet the requirement
under subsection (a).''.
(2) Technical amendment.--The table of sections for chapter
329 of title 49, United States Code, is amended by inserting
after the item relating to section 32902 the following:
``32902A. Requirement to manufacture dual fueled automobiles.''.
(b) Education Program.--The Secretary of Energy shall carry out an
education program to inform people about which automobiles are dual
fueled automobiles and how to exercise their opportunity to choose
alternative fuels. The Secretary is authorized to obtain from the
automobile manufacturers their recall databases and other appropriate
databases to identify the owners of dual fueled automobiles for
purposes of notifying them of where alternative fuels are sold in their
area.
SEC. 103. E-85 FUEL PUMPS.
(a) Market Penetration Reports.--After providing public notice and
an opportunity for public comment, the Secretary of Energy, in
consultation with the Secretary of Transportation, shall determine and
report to Congress annually on the market penetration for flexible-fuel
vehicles in use within geographic regions to be established by the
Secretary for this purpose. Regions established by the Secretary under
this subsection shall not be smaller than 1 entire State or larger than
5.
(b) Requirement.--When flexible-fuel vehicle market penetration
reaches 15 percent of light-duty motor vehicles in a region, as
determined by the Secretary of Energy under subsection (a), the
Secretary shall require motor fuel retailers in that region to install
an E-85 fuel pump or pumps at their retail fuel facilities on a
schedule and priority to be determined by the Secretary. In
implementing this subsection, the Secretary shall--
(1) consider retail fuel companies' fuel sales volume and
the physical capacity of individual retail locations when
determining the mandate priority;
(2) require E-85 fuel pump installation consistent with
flexible-fuel vehicle market penetration in that region; and
(3) consider the commercial availability of E-85 fuel in
the region.
(c) Prohibition.--No oil company shall, through a franchise or
sales agreement or otherwise, prohibit a motor fuel retailer from
making E-85 or other biofuels available for sale.
(d) Credits.--The Secretary of Energy may establish a system to
allow retail motor fuel facilities within a region that have installed
E-85 fuel pumps and that are not subject to the requirements
established under subsection (b), including pumps installed before the
date of enactment of this Act, to sell credits to covered retail fuel
facilities to meet the requirements of such subsection, on a pump for
pump basis.
(e) Civil Penalty.--A person who violates this section or the
requirements established by the Secretary of Energy under this section
shall be liable to the Secretary for a civil penalty in the amount of
$1000 for each day of such violation.
(f) Study and Report.--Not later than 1 year after the date of
enactment of this Act, the Secretary of Energy shall conduct a study
and report to Congress on the feasibility and expense of converting
existing gasoline and diesel fuel infrastructure to transport and
dispense E-85 fuel and biodiesel.
SEC. 104. ALTERNATIVE FUEL INFRASTRUCTURE FUND AND GRANT PROGRAM.
(a) Establishment of Fund.--
(1) In general.--There is established in the Treasury a
Alternative Fuel Infrastructure Fund (hereinafter in this Act
referred to as the ``Fund'') consisting of amounts transferred
to the Fund under paragraph (2) and amounts credited to the
Fund under paragraph (3).
(2) Transfer of amounts.--For fiscal year 2007, and each
fiscal year thereafter, the Secretary of the Treasury shall
transfer to the Fund an amount determined by the Secretary to
be equal to the total amount deposited in the general fund of
the Treasury in the preceding fiscal year from fines,
penalties, and other moneys obtained through enforcement
actions conducted pursuant to section 32912 of title 49, United
States Code, including moneys obtained under consent decrees.
(3) Investment of amounts.--The Secretary of the Treasury
shall invest in interest-bearing obligations of the United
States such portion of the Fund as is not, in the Secretary's
judgment, required to meet current withdrawals. Such
obligations shall be acquired and sold and interest on, and the
proceeds from the sale or redemption of, such obligations shall
be credited to the Fund in accordance with the requirements of
section 9602 of the Internal Revenue Code of 1986.
(4) Use of amounts in the fund.--Amounts in the Fund shall
be made available without further appropriation to the
Secretary of Energy to carry out the grant program described in
subsection (b).
(b) Alternative Fuel Infrastructure Grant Program.--
(1) In general.--The Secretary of Energy shall establish
and carry out a grant program to assist retail gasoline service
stations make required conversions or installations to
infrastructure necessary for the dispensing of alternative
fuels to increase the availability to consumers of alternative
fuels.
(2) Eligibility.--Any entity that dispenses automobile fuel
at retail may be eligible for a grant under this section.
(3) Use of grant funds.--Grants provided under this section
shall be used for the construction or expansion of
infrastructure necessary for the dispensing of alternative
fuels (as defined in section 32901(a)(1) of title 49, United
States Code). Not more than 3 percent of grant funds may be
used for administrative costs.
SEC. 105. STRATEGIC FEEDSTOCK RESERVE.
(a) Program.--The Secretary of Agriculture shall establish and
administer a renewable energy reserve program to purchase agricultural
commodities from producers and to store such agricultural commodities
with such producers.
(b) Purchases.--
(1) In general.--The Secretary of Agriculture shall
purchase agricultural commodities at commercial rates in order
to establish, maintain, or enhance the renewable energy reserve
when--
(A) such commodities are in abundant supply;
(B) there is need for adequate carryover stocks to
ensure a reliable supply of the commodities to meet
renewable energy demands;
(C) the average price of an agricultural commodity
in a county is less than 100 percent of the applicable
loan rate for a nonrecourse marketing assistance loan;
and
(D) it is necessary to ensure adequate supplies of
renewable fuels in the marketplace.
(2) Limitation.--Purchases by the Secretary of Agriculture
under paragraph (1) shall be limited to--
(A) the type and quantity of commodities necessary
to provide for not more than one year of estimated
utilization for renewable energy purposes; and
(B) quantities of commodities for research and
development of renewable fuels.
(c) Sale of Stocks.--A commodity shall not be sold from the
renewable energy reserve unless--
(1) the average market price of the commodity in the United
States is greater than or equal to the applicable loan rate for
a nonrecourse marketing assistance loan; and
(2) such commodity will be used to produce renewable
energy.
(d) Storage Payments.--Payments made by the Secretary of
Agriculture for the storage of commodities shall reflect local
commercial storage rates.
SEC. 106. DEPARTMENT OF AGRICULTURE BIOENERGY PROGRAM.
(a) Definition of Bioenergy.--Subsection (a)(1) of section 9010 of
the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8108) is
amended by striking subparagraph (B) and inserting the following new
subparagraph:
``(B) ethanol derived from cellulosic
feedstocks.''.
(b) Reauthorization.--Subsection (c) of such section is amended by
striking paragraph (2) and inserting the following new paragraph:
``(2) such sums as may be necessary for each of fiscal
years 2007 through 2016.''.
SEC. 107. FARM-BASED ENERGY FINANCING PROGRAM.
(a) In General.--Subtitle A of the Consolidated Farm and Rural
Development Act (7 U.S.C. 1921-1936a) is amended by adding at the end
the following:
``SEC. 310H. FARM-BASED ENERGY FINANCING PROGRAM.
``(a) In General.--The Secretary may make loans to eligible farmers
and ranchers in the United States, and to eligible farm cooperatives
and private domestic corporations, partnerships, joint operations,
trusts, and limited liability companies that are controlled by farmers
and ranchers, to enable such entities to create or expand facilities
designed to convert agricultural commodities (including the capture of
wind, solar energy, and methane) into fuel.
``(b) Eligibility.--Paragraphs (1) and (3) of the 2nd sentence of
section 302 shall apply in determining the eligibility of applicants
for a loan under this section.
``(c) Loan Terms.--
``(1) Maximum principal amount.--The amount of a loan under
this section shall not exceed $25,000,000.
``(2) Interest rate.--The Secretary set the rate at which
loans under this section shall bear interest, except that the
rate shall not exceed the current market yield for outstanding
municipal obligations with remaining periods to maturity
comparable to the average maturity for the loans, and shall be
adjusted to the nearest \1/8\ of 1 percent.
``(3) Maximum repayment period.--The period for repayment
of a loan under this section shall not exceed 20 years.
``(d) Limitations on Authorization of Appropriations.--For loans
under this section, there are authorized to be appropriated to the
Secretary not more than $250,000,000 for each fiscal year.''.
(b) Effective Date.--The amendment made by subsection (a) shall
take effect on October 1, 2006.
SEC. 108. AUTHORITY OF BANKS FOR COOPERATIVES TO FINANCE RENEWABLE FUEL
MANUFACTURING BY AGRICULTURAL COOPERATIVES.
Section 3.8(b)(1) of the Farm Credit Act of 1971 (12 U.S.C.
2129(b)(1)) is amended by adding at the end the following:
``(E) Any association of farmers or of producers or
harvesters of aquatic products, or any federation of
such associations which--
``(i) has producer and investor classes of
membership, but only if--
``(I) at least 50 percent of the
voting control of the association is
held by farmers or producers or
harvesters of aquatic products; and
``(II) the producer class, if
treated as a separate entity, operates
on a cooperative basis; and
``(ii) is engaged in processing, preparing
for market, handling, or marketing biofuels,
ethanol, or other renewable energy products.''.
SEC. 109. BAN ON CONDITIONING BUSINESS AND INDUSTRY LOAN GUARANTEE ON
LENDER OBTAINING UNSUBORDINATED INTEREST IN FARMING OR
RANCHING OPERATION OF BORROWER.
Section 310B(g)(2) of the Consolidated Farm and Rural Development
Act (7 U.S.C. 1932(g)(2)) is amended by adding at the end the
following:
``(D) Limitation.--The Secretary may not require,
as a condition of providing a guarantee under this
paragraph, that the lender obtain an unsubordinated
interest in the farming or ranching operation of the
farmer or rancher.''.
SEC. 110. RESEARCH, DEVELOPMENT, AND DEMONSTRATION.
(a) Secretary of Energy.--The Secretary of Energy, in consultation
with the Secretary of Agriculture, shall establish a program of
research, development, and demonstration with the goals of--
(1) improving the efficiency and cost-effectiveness of
ethanol production;
(2) developing new processes to extract energy from
biological sources, including wood chips and perennial grasses;
(3) advancing biomass gasification;
(4) promoting the development of new vehicle efficiency
technologies, including flexible fuel vehicles, hybrid
vehicles, and plug-in hybrid vehicles; and
(5) improving the operational characteristics of automobile
engines operating on biofuels.
(b) Secretary of Agriculture.--The Secretary of Agriculture, in
consultation with the Secretary of Energy, shall establish a program of
research, development, and demonstration for developing new feedstocks
and processes to extract energy from biological sources, including wood
chips and perennial grasses.
(c) Sun Grant Initiative.--Section 9011(j)(1)(C) of the Farm
Security and Rural Investment Act of 2002 (7 U.S.C. 8109(j)(1)(C); also
known as the ``Sun Grant Research Initiative Act of 2003'') is amended
by striking ``2010'' and inserting ``2012''.
(d) Clearinghouse.--The Secretary of Energy shall establish a
clearinghouse to facilitate the availability of the information,
technologies, and processes generated under this section.
(e) Authorization of Appropriations.--There are authorized to be
appropriated--
(1) to the Secretary of Energy $50,000,000 for each of the
fiscal years 2007 through 2016, for carrying out subsections
(a) and (d); and
(2) to the Secretary of Agriculture $50,000,000 for each of
the fiscal years 2007 through 2016, for carrying out subsection
(b).
SEC. 111. BIOFUELS PRODUCTION FACILITY GRANT PROGRAM.
(a) Establishment.--The Secretary of Energy shall establish a grant
program to provide up to 25 percent of the cost of financing a biofuels
production facility capable of producing biofuels with at least 20 Btus
of energy output for every Btu of hydrocarbon input.
(b) Authorization of Appropriations.--There are authorized to be
appropriated to the Secretary of Energy $10,000,000 for each of the
fiscal years 2007 through 2016, for carrying this section.
SEC. 112. CARBON TRADING.
(a) Findings.--The Congress finds that--
(1) American farmers today deserve credit for creating the
most prolific and abundant crop production in human history;
(2) the increased use of renewable biofuels fuels in the
United States will encourage an even greater level of
production of bioenergy feedstocks by United States
agriculture;
(3) crops grown by American farmers have provided, and
continue to provide, significant carbon sequestration and
greenhouse gas reduction effects;
(4) this increased bioenergy crop feedstock production will
amplify carbon capture benefits that emanate from United States
agricultural production;
(5) this increased biofuels production will offset
considerable amounts of greenhouse gas emissions that would
otherwise be created by using petroleum;
(6) farmers have never been compensated by the marketplace
for the significant amounts of carbon that they have
sequestered through their activities; and
(7) this sequestration activity mitigates global warming
and provides significant benefits to the United States and to
the world.
(b) Sense of Congress.--It is the sense of Congress that--
(1) Congress should consider and enact policies that fairly
but effectively reduce greenhouse gas emissions in the United
States and around the world; and
(2) Congress should enact policies that encourage the
development of systems that compensate American agricultural
producers for the beneficial role that they play in reducing
greenhouse gases and sequestering carbon from the atmosphere.
TITLE II--TAX INCENTIVES
SEC. 201. EXTENSION OF CREDITS FOR ETHANOL AND BIODIESEL.
(a) Ethanol.--Paragraph (1) of section 40(e) of the Internal
Revenue Code of 1986 (relating to termination) is amended--
(1) in subparagraph (A) by striking ``December 31, 2010''
and inserting ``December 31, 2015'', and
(2) in subparagraph (B) by striking ``January 1, 2011'' and
inserting ``January 1, 2016''.
(b) Biodiesel.--Subsection (g) of section 40A (relating to
termination) is amended by striking ``December 31, 2008'' and inserting
``December 31, 2015''.
SEC. 202. INCREASE IN INCENTIVES FOR REFUELING PROPERTY FOR ETHANOL AND
BIODIESEL.
(a) Credit Amount.--Subsection (a) of section 30C of the Internal
Revenue Code of 1986 (relating to credit allowed) is amended by
inserting ``(50 percent in the case of fuel which is ethanol or
biodiesel, described in subsection (c)(1))'' after ``30 percent''.
(b) Limitation.--Paragraph (1) of section 30C(b) of such Code
(relating to limitation) is amended by inserting ``($60,000 in the case
that such property is with respect to fuel which is ethanol or
biodiesel, described in subsection (c)(1))'' before the comma at the
end.
(c) Extension of Credit.--Subsection (g) of section 30C of such
Code (relating to termination) is amended by striking ``and'' at the
end of paragraph (1), by redesignating paragraph (2) as paragraph (3),
and by inserting after paragraph (2) the following new paragraph:
``(2) in the case of property relating to ethanol or
biodiesel, after December 31, 2015, and''.
(d) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of the enactment of
this Act in taxable years ending after such date.
SEC. 203. SMALL ETHANOL PRODUCER CREDIT.
(a) Increase in Limitation.--Subparagraph (C) of section 40(b)(4)
of the Internal Revenue Code of 1986 (relating to limitation) is
amended by striking ``15,000,000'' and inserting ``30,000,000''.
(b) Effective Date.--The amendment made by subsection (a) shall
apply to alcohol produced, sold, or used after the date of the
enactment of this Act in taxable years ending after such date.
SEC. 204. INFRASTRUCTURE BONDS FOR FACILITIES PRODUCING MOTOR VEHICLE
FUEL FROM BIOMASS.
(a) Qualified Facility.--Subparagraph (A) of section 54(d)(2) of
the Internal Revenue Code of 1986 (defining qualified project) is
amended to read as follows:
``(A) Qualified project.--The term `qualified
project' means--
``(i) Facility producing electricity from
qualified energy resources.--Any qualified
facility (as determined under section 45(d)
without regard to paragraph (10) and to any
placed in service date) owned by a qualified
borrower.
``(ii) Facility producing motor vehicle
fuel from biomass.--Any facility using closed-
loop or open-loop biomass (as defined in
section 45(c)) to produce a fuel for use in a
motor vehicle (as defined in section
30(c)(2)).''.
(b) National Clean Renewable Energy Bond Limitation.--Subsection
(f) of section 54 of such Code is amended to read as follows:
``(f) Limitation on Amount of Bonds Designated.--
``(1) National limitation.--There is a national clean
renewable energy bond limitation for each calendar year of--
``(A) $800,000,000 in the case of projects
described in subsection (d)(2)(A)(i), and
``(B) $800,000,000 in the case of projects
described in subsection (d)(2)(A)(ii).
``(2) Allocation by secretary.--The Secretary shall
allocate the amounts described in paragraph (1) among qualified
projects in such manner as the Secretary determines
appropriate, except that the Secretary may not allocate more
than $500,000,000 of the national clean renewable energy bond
limitation for any calendar year to finance qualified projects
of qualified borrowers which are governmental bodies.''.
(c) Extension of Credit.--Subsection (m) of section 54 of such Code
(relating to termination) is amended by striking ``December 31, 2007''
and inserting ``December 31, 2012''.
(d) Effective Date.--The amendments made by this section shall
apply to bonds issued after the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Science, and Ways and Means, 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.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Science, and Ways and Means, 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.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Science, and Ways and Means, 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.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Science, and Ways and Means, 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.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Science, and Ways and Means, 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.
Sponsor introductory remarks on measure. (CR E904-905)
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Referred to the Subcommittee on Energy.
Referred to the Subcommittee on Energy and Air Quality.
Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.
Executive Comment Requested from USDA.
Sponsor introductory remarks on measure. (CR H7503)