[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1076 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                S. 1076

To amend the Internal Revenue Code of 1986 to extend the excise tax and 
          income tax credits for the production of biodiesel.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 19, 2005

  Mrs. Lincoln (for herself and Mr. Talent) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to extend the excise tax and 
          income tax credits for the production of biodiesel.

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

SECTION 1. EXTENSION OF THE EXCISE TAX AND INCOME TAX CREDITS FOR THE 
              PRODUCTION OF BIODIESEL.

    (a) Excise Tax Credit.--
            (1) In general.--Section 6426(c)(6) of the Internal Revenue 
        Code of 1986 is amended by striking ``2006'' and inserting 
        ``2010''.
            (2) Conforming amendment.--Section 6427(e)(3)(B) of such 
        Code is amended by striking ``2006'' and inserting ``2010''.
    (b) Income Tax Credit.--Section 40A(e) of the Internal Revenue Code 
of 1986 is amended by striking ``2006'' and inserting ``2010''.
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