Renewable Biomass Fairness Act - Amends the Internal Revenue Code to: (1) extend through 2018 the tax credit for production of electricity from closed and open-loop biomass facilities; (2) eliminate the reduction in the rate of such credit for electricity produced from open-loop biomass; (3) extend to 10 years the credit period for open-loop biomass facilities; and (4) amend the definition of "cellulosic biofuel" for purposes of the tax credit for alcohol used as fuel to exclude any fuel if more than 4% of such fuel is any combination of water and sediment or if the ash content of such fuel is more than 1%.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4374 Introduced in House (IH)]
111th CONGRESS
1st Session
H. R. 4374
To amend the Internal Revenue Code of 1986 to extend the credit for
electricity produced from biomass, to provide credit rate parity under
such credit, and to exclude certain unprocessed fuels from the
cellulosic biofuel producer credit.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 16, 2009
Ms. Herseth Sandlin (for herself and Mr. Herger) 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 credit for
electricity produced from biomass, to provide credit rate parity under
such credit, and to exclude certain unprocessed fuels from the
cellulosic biofuel producer credit.
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 ``Renewable Biomass Fairness Act''.
SEC. 2. EXTENSION OF RENEWABLE ENERGY CREDIT.
Each of the following provisions of section 45(d) of the Internal
Revenue Code of 1986 (relating to qualified facilities) is amended by
striking ``January 1, 2014'' and inserting ``January 1, 2019'':
(1) Clauses (i) and (ii) of paragraph (2)(A) (relating to
closed-loop biomass facility).
(2) Clauses (i)(I) and (ii) of paragraph (3)(A) (relating
to open-loop biomass facility).
SEC. 3. RATE PARITY FOR OPEN-LOOP AND CLOSED-LOOP BIOMASS FACILITIES
UNDER THE RENEWABLE RESOURCES TAX CREDIT.
(a) In General.--Section 45(b)(4)(A) of the Internal Revenue Code
of 1986 (relating to credit rate) is amended by striking ``(3),''.
(b) Effective Date.--The amendment made by this section shall apply
to electricity produced and sold after the date of the enactment of
this Act.
SEC. 4. EXTENDED CREDIT PERIOD FOR CERTAIN OPEN-LOOP BIOMASS
FACILITIES.
(a) In General.--Clause (ii) of section 45(b)(4)(B) of the Internal
Revenue Code of 1986 is amended by striking ``5-year period'' and
inserting ``10-year period''.
(b) Effective Date.--The amendment made by this section shall apply
with respect to electricity produced and sold after December 31, 2009.
SEC. 5. EXCLUSION OF UNPROCESSED FUELS FROM THE CELLULOSIC BIOFUEL
PRODUCER CREDIT.
(a) In General.--Subparagraph (E) of section 40(b)(6) of the
Internal Revenue Code of 1986 is amended by adding at the end the
following new clause:
``(iii) Exclusion of unprocessed fuels.--
The term `cellulosic biofuel' shall not include
any fuel if--
``(I) more than 4 percent of such
fuel (determined by weight) is any
combination of water and sediment, or
``(II) the ash content of such fuel
is more than 1 percent (determined by
weight).''.
(b) Effective Date.--The amendment made by this section shall apply
to fuels sold or used after the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line