[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3231 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3231

   To amend the Internal Revenue Code of 1986 to extend certain tax 
incentives for alcohol used as fuel and to amend the Harmonized Tariff 
 Schedule of the United States to extend additional duties on ethanol.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 20, 2010

    Mr. Grassley (for himself, Mr. Conrad, Mr. Thune, Mr. Nelson of 
  Nebraska, Mr. Johanns, Mr. Johnson, and Mr. Harkin) 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 certain tax 
incentives for alcohol used as fuel and to amend the Harmonized Tariff 
 Schedule of the United States to extend additional duties on ethanol.

    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 ``Grow Renewable Energy from Ethanol 
Naturally Jobs Act of 2010'' or the ``GREEN Jobs Act of 2010''.

SEC. 2. EXTENSION OF INCOME TAX CREDIT FOR ALCOHOL USED AS FUEL.

    (a) In General.--Paragraph (1) of section 40(e) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``December 31, 2010'' in subparagraph (A) 
        and inserting ``December 31, 2015'', and
            (2) by striking ``January 1, 2011'' in subparagraph (B) and 
        inserting ``January 1, 2016''.
    (b) Cellulosic Biofuel.--Subparagraph (H) of section 40(b)(6) of 
such Code is amended by striking ``January 1, 2013'' and inserting 
``January 1, 2016''.
    (c) Reduced Amount for Ethanol Blenders.--Paragraph (2) of section 
40(h) of such Code is amended by striking ``2010'' and inserting 
``2015''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. EXTENSION OF EXCISE TAX CREDIT FOR ALCOHOL USED AS FUEL.

    (a) In General.--Paragraph (6) of section 6426(b) of the Internal 
Revenue Code of 1986 is amended by striking ``December 31, 2010'' and 
inserting ``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 4. EXTENSION OF ADDITIONAL DUTIES ON ETHANOL.

    Headings 9901.00.50 and 9901.00.52 of the Harmonized Tariff 
Schedule of the United States are each amended in the effective period 
column by striking ``1/1/2011'' and inserting ``1/1/2016''.
                                 <all>