3.0.0 3586 2023-01-11T20:29:43Z 2023-01-11T20:29:43Z House H HR 2007-09-19 110 hswm00 Ways and Means Committee House Standing Referred to 2007-09-19T14:01:40Z 2007-09-19 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-09-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-09-19 Introduced in House IntroReferral 1000 9 Library of Congress D000533 Rep. Duncan, John J., Jr. [R-TN-2] JOHN DUNCAN R TN J. 2 N B000652 Rep. Boswell, Leonard L. [D-IA-3] LEONARD BOSWELL D IA L. 3 2007-09-19 True G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2007-09-19 True W000119 Rep. Wamp, Zach [R-TN-3] ZACH WAMP R TN 3 2007-09-24 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2007-10-03 False H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2007-10-22 False Taxation Commerce Environmental Protection Feedstock Green products Income tax Organic compounds Polymers Public Lands and Natural Resources Renewable natural resources Tax credits Taxation

00 2007-09-19 Introduced in House 2007-10-05T17:56:39Z Amends the Internal Revenue Code to allow a tax credit for qualifying biomaterial produced by a taxpayer for business use. Limits the annual amount of such credit to $125 million. Defines "qualifying biomaterial" as a commercial or industrial product produced by chemically or biologically transforming feedstocks at least 75% of which are used to produce organic matter available on a renewable or recurring basis.

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Official Title as Introduced Introduced in House IH Display Title Introduced in House 2007-09-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3586ih/xml/BILLS-110hr3586ih.xml 2007-09-19 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.