3.0.0 610 2022-02-03T05:26:17Z 2022-02-03T05:26:17Z Senate S S 2005-03-11 109 ssfi00 Finance Committee Senate Standing Referred to 2005-03-11T17:17:18Z To amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit. 109 36 HR 2005-01-04 Referred to the House Committee on Ways and Means. Related bill CRS 2005-03-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2523-2524) IntroReferral 2005-03-11 Introduced in Senate IntroReferral 10000 9 Library of Congress T000024 Sen. Talent, Jim [R-MO] JIM TALENT R MO N L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2005-03-11 True T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2005-03-11 True J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2005-03-11 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2005-03-11 True S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO 2005-03-11 True H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2005-03-11 True H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE 2005-03-11 True B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. 2005-03-11 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2005-03-14 False L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN 2005-03-14 False O000167 Sen. Obama, Barack [D-IL] Barack Obama D IL 2005-04-18 False C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2005-05-13 False Taxation Agricultural wastes Agriculture and Food Alcohol as fuel Commerce Diesel motor Energy Energy crops Environmental Protection Income tax Oils and fats Refuse as fuel Small business Tax credits Transportation and Public Works Taxation 00 2005-03-11 Introduced in Senate 2005-03-22T20:39:02Z Amends the Internal Revenue Code to revise the tax credit for biodiesel used as fuel to include a credit for the production of agri-biodiesel fuel equal to 10 cents for each gallon produced. Limits: (1) the amount of qualified agri-biodiesel production of a producer to 15 million gallons for any taxable year; and (2) eligible producers to those with a productive capacity not exceeding 60 million gallons.

Revises the small ethanol producer tax credit to: (1) expand the eligibility of small ethanol producers for the credit; (2) exclude the credit from the definition of passive activity credit; and (3) exclude credit amounts from inclusion in gross income.

]]> A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit. Display Title A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit. Introduced in Senate 2005-03-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s610is/xml/BILLS-109s610is.xml 2005-03-11 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2523-2524) 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.