[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1987 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1987

  To amend the Internal Revenue Code of 1986 to allow the small agri-
   biodiesel credit for biodiesel derived from waste vegetable oils.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 20, 2007

Mr. Jefferson 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 allow the small agri-
   biodiesel credit for biodiesel derived from waste vegetable oils.

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

SECTION 1. SMALL AGRI-BIODIESEL CREDIT ALLOWED FOR BIODIESEL DERIVED 
              FROM WASTE VEGETABLE OILS.

    (a) In General.--Paragraph (2) of section 40A(d) of the Internal 
Revenue Code of 1986 (relating to biodiesel and renewable diesel used 
as fuel) is amended to read as follows:
            ``(2) Agri-biodiesel.--The term `agri-biodiesel' means 
        biodiesel derived solely from 1 or more--
                    ``(A) virgin oils,
                    ``(B) esters derived from vegetable oils (whether 
                or not virgin) from corn, soybeans, sunflower seeds, 
                cottonseeds, canola, crambe, rapeseeds, safflowers, 
                flaxseeds, rice bran, and mustard seeds, or
                    ``(C) animal fats.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to fuel sold or used after the date of the enactment of this Act.
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