Renewable Fuels Reinvestment Act

Renewable Fuels Reinvestment Act - Amends the Internal Revenue Code to extend through 2015 the income and excise tax credits for alcohol used as fuel, the cellulosic biofuel producer tax credit, and the reduced credit for ethanol blenders.

Amends the Harmonized Tariff Schedule of the United States to extend until 2016 the additional tariff on ethyl alcohol blends (ethanol) used as fuel.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4940 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4940

   To amend the Internal Revenue Code of 1986 to extend certain tax 
incentives for alcohol used as fuel and to amend the Harmonized Tariff 
 Schedule of the United States to extend additional duties on ethanol.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 25, 2010

Mr. Pomeroy (for himself, Mr. Shimkus, Ms. Herseth Sandlin, Mr. Johnson 
 of Illinois, Mr. Latham, Mr. Hare, Mr. Peterson, Mr. Braley of Iowa, 
Mr. Loebsack, Mr. Boswell, Mr. King of Iowa, Mr. Walz, Mr. Schock, Mr. 
   Lee of New York, Ms. Markey of Colorado, Mr. Moore of Kansas, Mr. 
   Salazar, Mrs. Halvorson, Mr. Graves, Mr. Ellsworth, Mr. Davis of 
  Illinois, Mrs. Emerson, Mr. Davis of Alabama, Mr. Luetkemeyer, Mr. 
 Terry, Ms. Kaptur, Mr. Costello, Mr. Hill, Mr. Foster, and Mr. Kirk) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to extend certain tax 
incentives for alcohol used as fuel and to amend the Harmonized Tariff 
 Schedule of the United States to extend additional duties on ethanol.

    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 Fuels Reinvestment Act''.

SEC. 2. EXTENSION OF INCOME TAX CREDIT FOR ALCOHOL USED AS FUEL.

    (a) In General.--Paragraph (1) of section 40(e) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``December 31, 2010'' in subparagraph (A) 
        and inserting ``December 31, 2015'', and
            (2) by striking ``January 1, 2011'' in subparagraph (B) and 
        inserting ``January 1, 2016''.
    (b) Cellulosic Biofuel.--Subparagraph (H) of section 40(b)(6) of 
such Code is amended by striking ``January 1, 2013'' and inserting 
``January 1, 2016''.
    (c) Reduced Amount for Ethanol Blenders.--Paragraph (2) of section 
40(h) of such Code is amended by striking ``2010'' and inserting 
``2015''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. EXTENSION OF EXCISE TAX CREDIT FOR ALCOHOL USED AS FUEL.

    (a) In General.--Paragraph (6) of section 6426(b) of the Internal 
Revenue Code of 1986 is amended by striking ``December 31, 2010'' and 
inserting ``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 4. EXTENSION OF ADDITIONAL DUTIES ON ETHANOL.

    Headings 9901.00.50 and 9901.00.52 of the Harmonized Tariff 
Schedule of the United States are each amended in the effective period 
column by striking ``1/1/2011'' and inserting ``1/1/2016''.
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