110 HR 1987 IH: To amend the Internal Revenue Code of 1986 to allow the U.S. House of Representatives 2007-04-20 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 110th CONGRESS 1st Session H. R. 1987 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.

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.