109 HR 4756 IH: To amend the Internal Revenue Code of 1986 to limit the agri-biodiesel credit to oils produced from plants and animals. U.S. House of Representatives 2006-02-15 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.

I 109th CONGRESS 2d Session H. R. 4756 IN THE HOUSE OF REPRESENTATIVES February 15, 2006 Mr. Butterfield (for himself, Mr. Jones of North Carolina, Mr. Bishop of Georgia, and Mr. Berry) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to limit the agri-biodiesel credit to oils produced from plants and animals.

1.

Agri-biodiesel credit limited to oils produced from plants and animals

(a)

In general

Paragraph (2) of section 40A(d) of the Internal Revenue Code of 1986 (defining agri-biodiesel) is amended to read as follows: (2)

Agri-biodiesel

The term agri-biodiesel means biodiesel derived solely from virgin oils— (A)from esters derived from corn, soybeans, sunflower seeds, cottonseeds, canola, crambe, rapeseeds, safflowers, flaxseeds, rice bran, and mustard seeds, and (B)from animal fats.. (b)

Effective date

The amendment made by this section shall apply to biodiesel sold after the date of the enactment of this Act in taxable years ending after such date.