S.613: A bill to amend the Internal Revenue Code of 1986 to enhance the use of the small ethanol producer credit.

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about taxation
  • Introduced March 26, 2001
  • Latest Major Action March 26, 2001

Bill Cosponsors

2 (1 Democrat, 2 Republicans)

Bill Summary

Amends the Internal Revenue Code respecting the small ethanol producer credit to: (1) authorize credit allocation among a cooperative's patrons; (2) increase the gallon capacity for eligible producers; (3) make the credit a non-passive income credit; and (4) remove the credit from the alcohol fuel credit gross income inclusion.

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
March 26, 2001

Introduced in the Senate by Peter G. Fitzgerald (R-Ill.)

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