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- H.R.4070
H.R.4070: To amend the Internal Revenue Code of 1986 to modify the incentives for the production of biodiesel.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Nov. 16, 2009
- Latest Major Action Nov. 16, 2009
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
38 (20 Democrats, 18 Republicans)
Bill Summary
Amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced; (2) provide for an increased income tax credit for small biodiesel producers; (3) revise the definitions of "biodiesel" and "small biodiesel producer"; (4) treat renewable diesel in the same manner as biodiesel for income tax purposes; and (5) treat biodiesel as a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Nov. 16, 2009 |
Introduced in the House by Earl Pomeroy (D-N.D.) |