[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1188 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1188

To amend the Internal Revenue Code of 1986 to terminate incentives for 
                             alcohol fuels.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 17, 2011

  Mr. Lance (for himself, Mr. Blumenauer, Mr. Flake, Mr. DeFazio, Mr. 
McClintock, Ms. Woolsey, and Mr. Hanna) 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 terminate incentives for 
                             alcohol fuels.

    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 ``Repeal Ethanol Subsidies Today Act 
of 2011''.

SEC. 2. TERMINATION OF INCENTIVES FOR ALCOHOL FUELS.

    (a) Termination of Excise Tax Credit for Alcohol Fuel Mixtures.--
Sections 6426(b)(6) and 6427(e)(6)(A) of the Internal Revenue Code of 
1986 are each amended by striking ``December 31, 2011'' and inserting 
``the date of the enactment of the Repeal Ethanol Subsidies Today Act 
of 2011''.
    (b) Termination of Income Tax Credit for Alcohol Used as Fuel.--
Paragraph (1) of section 40(e) of the Internal Revenue Code of 1986 is 
amended by striking ``to any sale or use--'' and all that follows and 
inserting ``for any period after the date of the enactment of the 
Repeal Ethanol Subsidies Today Act of 2011''.
    (c) Elimination of Reduced Income Tax Credit for Ethanol.--The 
table contained in section 40(h)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``2011'' and inserting ``the enactment date 
        of the Volumetric Ethanol Excise Tax Credit Repeal Act'', and
            (2) by adding at the end the following:


``After such enactment date.............................    zero  zero''
                                                                       .
 

    (d) Effective Date.--The amendments made by this section shall 
apply to any sale, use, or removal for any period after the date of the 
enactment of the Act.
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