[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5650 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5650

 To amend the Internal Revenue Code of 1986 to make permanent certain 
        tax incentives for ethanol and biodiesel used as a fuel.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 20, 2006

  Mr. Hulshof (for himself, Mr. Pomeroy, Mr. Nussle, Mr. Peterson of 
   Minnesota, Mr. Shimkus, Mr. Terry, Mr. Boswell, Mr. Osborne, Mr. 
Emanuel, Mr. Moran of Kansas, Mr. Salazar, Mr. Moore of Kansas, and Ms. 
   Herseth) 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 make permanent certain 
        tax incentives for ethanol and biodiesel used as a fuel.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Renewable Fuels and Energy 
Independence Promotion Act of 2006''.

SEC. 2. CREDITS FOR ALCOHOL AND BIODIESEL USED AS A FUEL MADE 
              PERMANENT.

    (a) Income Tax.--
            (1) Alcohol.--Section 40 of the Internal Revenue Code of 
        1986 (relating to alcohol used as a fuel) is amended by 
        striking subsection (e).
            (2) Biodiesel.--Section 40A of such Code (relating to 
        biodiesel and renewable diesel used as fuel) is amended by 
        striking subsection (g).
    (b) Excise Tax.--
            (1) Alcohol mixture used as a fuel.--Subsection (b) of 
        section 6426 of such Code (relating to alcohol fuel mixture 
        credit) is amended by striking paragraph (5).
            (2) Biodiesel mixture used as a fuel.--Subsection (c) of 
        section 6426 of such Code (relating to biodiesel mixture 
        credit) is amended by striking paragraph (6).
            (3) Alcohol and biodiesel mixtures not used for taxable 
        purposes.--Paragraph (5) of section 6427(e) of such Code, as 
        amended by the Safe, Accountable, Flexible, Efficient 
        Transportation Equity Act: A Legacy for Users, is amended--
                    (A) by striking subparagraphs (A) and (B),
                    (B) by redesignating subparagraphs (C) and (D) as 
                subparagraphs (A) and (B), respectively, and
                    (C) in subparagraph (A), as so redesignated, by 
                striking ``subparagraph (D)'' and inserting 
                ``subparagraph (B)''.
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