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- S.240
S.240: A bill to amend the Internal Revenue Code of 1986 to allow allocation of small ethanol producer credit to patrons of cooperative, and for other purposes.
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Jan. 29, 2003
- Latest Major Action Jan. 29, 2003
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (4 Democrats, 4 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 |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Jan. 29, 2003 |
Introduced in the Senate by Peter G. Fitzgerald (R-Ill.) |