[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3440 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3440

To amend the Internal Revenue Code of 1986 to extend the incentives for 
                    biodiesel and renewable diesel.


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                   IN THE SENATE OF THE UNITED STATES

                 May 27 (legislative day, May 26), 2010

 Mr. Grassley 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 incentives for 
                    biodiesel and renewable diesel.

    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 ``Emergency Biodiesel Tax Incentive 
Extension Act of 2010''.

SEC. 2. INCENTIVES FOR BIODIESEL AND RENEWABLE DIESEL.

    (a) Credits for Biodiesel and Renewable Diesel Used as Fuel.--
Subsection (g) of section 40A of the Internal Revenue Code of 1986 is 
amended by striking ``December 31, 2009'' and inserting ``December 31, 
2010''.
    (b) Excise Tax Credits and Outlay Payments for Biodiesel and 
Renewable Diesel Fuel Mixtures.--
            (1) Paragraph (6) of section 6426(c) of the Internal 
        Revenue Code of 1986 is amended by striking ``December 31, 
        2009'' and inserting ``December 31, 2010''.
            (2) Subparagraph (B) of section 6427(e)(6) of the Internal 
        Revenue Code of 1986 is amended by striking ``December 31, 
        2009'' and inserting ``December 31, 2010''.
    (c) Effective Date.--The amendments made by this section shall 
apply to fuel sold or used after December 31, 2009.
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