110 HR 2361 IH: Responsible Renewable Energy Tax U.S. House of Representatives 2007-05-17 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. 2361 IN THE HOUSE OF REPRESENTATIVES May 17, 2007 Mr. Doggett (for himself, Mr. Hulshof, Mr. Larson of Connecticut, Mr. Andrews, Mr. Becerra, Mr. Bishop of New York, Mr. Blumenauer, Mr. Braley of Iowa, Ms. Corrine Brown of Florida, Mr. Carnahan, Ms. Carson, Ms. Clarke, Mr. Clay, Mr. Cleaver, Mr. Conyers, Mr. Crowley, Mr. DeFazio, Ms. DeLauro, Mr. Ellison, Mr. Emanuel, Mr. Farr, Mr. Filner, Mr. Fortenberry, Mr. Grijalva, Mr. Hare, Mr. Hinchey, Mr. Inslee, Ms. Kaptur, Ms. Kilpatrick, Mr. Kind, Ms. Lee, Mr. Levin, Mr. Lewis of Georgia, Mr. Lipinski, Mr. Loebsack, Mr. McDermott, Mr. McGovern, Mr. McNulty, Mr. Oberstar, Mr. Pascrell, Ms. Schwartz, Ms. Slaughter, Ms. Solis, Mr. Stark, Ms. Sutton, Mr. Tierney, Mr. Van Hollen, Ms. Velázquez, Ms. Watson, Mr. Welch of Vermont, Mr. Waxman, Ms. Waters, Mrs. Capps, Ms. Schakowsky, and Ms. Woolsey) 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 disallow the credit for renewable diesel in the case of fuel coproduced with petroleum, natural gas, or coal feedstocks.

1.

Short title

This Act may be cited as the Responsible Renewable Energy Tax Credit Act of 2007.

2.

Disallowance of renewable diesel credit for fuel coproduced with certain feedstocks

(a)

Coproduction with petroleum feedstock

Paragraph (3) of section 40A(f) of the Internal Revenue Code of 1986 (defining renewable diesel) is amended by adding at the end the following flush sentence: Such term does not include any fuel derived from coprocessing biomass with a feedstock which is not biomass. For purposes of this paragraph, the term biomass has the meaning given such term by section 45K(c)(3).. (b)

Conforming amendment

Section 40A(f)(3) of such Code is amended by striking (as defined in section 45K(c)(3)). (c)

Effective date

The amendments made by this section shall apply to fuel produced after June 30, 2007.