118 HR 10104 IH: Second Generation Biofuel Producer Credit Extension Act of 2024 U.S. House of Representatives 2024-11-08 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS2d SessionH. R. 10104IN THE HOUSE OF REPRESENTATIVESNovember 8, 2024Mrs. Miller-Meeks (for herself, Ms. Davids of Kansas, and Mr. Stauber) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to prevent a double benefit with respect to second generation biofuels under the clean fuel production credit and the alcohol fuels credit and to extend the application of alcohol fuels credit with respect to such biofuels.

1.

Short title

This Act may be cited as the Second Generation Biofuel Producer Credit Extension Act of 2024.

2.

Extension of alcohol fuel credit with respect to second generation biofuel production and coordination with clean fuel production credit

(a)

Coordination with clean fuel production credit

Section 40(b) of the Internal Revenue Code of 1986 is amended by redesignating paragraph (6) as paragraph (7) and by inserting after paragraph (5) the following new paragraph:(6)

Coordination with clean fuel production credit

No credit shall be determined under this paragraph with respect to fuel with respect to which a credit was allowed under section 45Z(a)..(b)

Extension

Section 40(b)(7)(J)(i) of such Code (as so redesignated) is amended by striking January 1, 2025 and inserting January 1, 2026.(c)

Effective date

The amendments made by this section shall apply to qualified second generation biofuel production after December 31, 2024.