3.0.0 5950 2023-01-12T17:52:34Z 2023-01-12T17:52:34Z House H HR 2006-07-27 109 hswm00 Ways and Means Committee House Standing Referred to 2006-07-27T14:03:40Z 2006-07-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-07-27 Sponsor introductory remarks on measure. (CR E1553-1554) IntroReferral B00100 9 Library of Congress 2006-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-07-27 Introduced in House IntroReferral 1000 9 Library of Congress U000039 Rep. Udall, Tom [D-NM-3] TOM UDALL D NM 3 N Taxation Agricultural wastes Agriculture and Food Air pollution control Capital investments Commerce Cooperative societies Depletion allowances Depreciation and amortization Diesel motor Energy Energy crops Environmental Protection Environmental technology Farmers Finance and Financial Sector Gas industry Gas pipelines Geology Geophysical prediction Income tax Oils and fats Petroleum industry Petroleum refineries Prospecting Refuse as fuel Science, Technology, Communications Small business Sulphur Tax credits Tax deductions Taxation 00 2006-07-27 Introduced in House 2006-08-28T13:47:08Z Family Farm Energy Relief Act of 2006 - Repeals provisions of the Energy Policy Act of 2005 relating to: (1) the expensing of equipment used in refining of liquid fuels and accelerated depreciation of natural gas distribution and gathering lines; (2) the pass through of tax deductions for environmental compliance costs; (3) the small refiner exception to limitations on the oil depletion tax deduction; and (4) the two-year amortization of geological and geophysical expenditures.

Amends the Internal Revenue Code to allow certain farmers actively engaged in farming: (1) a tax credit for 10% of farm diesel fuel expenses through 2009; (2) an increased agri-biodiesel producer tax credit; and (3) a small biodiesel producer tax credit.

]]> Family Farm Energy Relief Act of 2006 Display Title Family Farm Energy Relief Act of 2006 Official Title as Introduced To repeal certain tax subsidies enacted by the Energy Policy Act of 2005 for oil and gas, to allow a credit against income tax for farm diesel expenses, and to allow a credit to farmers who produce biodiesel and agri-biodiesel. Introduced in House IH Short Titles as Introduced Family Farm Energy Relief Act of 2006 Introduced in House 2006-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5950ih/xml/BILLS-109hr5950ih.xml 2006-07-27 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.