[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3758 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 3758

    To amend the Internal Revenue Code of 1986 to extend the second 
generation biofuel producer credit and the special allowance for second 
                   generation biofuel plant property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 12, 2013

   Mr. Peters of California 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 extend the second 
generation biofuel producer credit and the special allowance for second 
                   generation biofuel plant property.

    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 ``Second Generation Biofuel Extension 
Act of 2013''.

SEC. 2. EXTENSION OF SECOND GENERATION BIOFUEL PRODUCER CREDIT AND 
              SPECIAL ALLOWANCE FOR SECOND GENERATION BIOFUEL PLANT 
              PROPERTY.

    (a) Second Generation Biofuel Producer Credit.--Subparagraph (J) of 
section 40(b)(6) of the Internal Revenue Code of 1986 is amended by 
striking ``January 1, 2014'' and inserting ``January 1, 2015''.
    (b) Special Allowance for Second Generation Biofuel Plant 
Property.--
            (1) Extension.--Subparagraph (D) of section 168(l)(2) of 
        such Code is amended by striking ``January 1, 2014'' and 
        inserting ``January 1, 2015''.
            (2) Conforming amendments.--Paragraph (4) of section 168(l) 
        of such Code is amended by striking ``and'' at the end of 
        subparagraph (A), by striking the period at the end of 
        subparagraph (B) and inserting ``, and'', and by adding at the 
        end the following new subparagraph:
                    ``(C) by substituting `January 1, 2015' for 
                `January 1, 2014' each place it appears therein.''.
    (c) Effective Date.--
            (1) Credit.--The amendment made by subsection (a) shall 
        apply with respect to qualified second generation biofuel 
        production after December 31, 2013.
            (2) Allowance.--The amendment made by subsection (b) shall 
        apply with respect to property placed in service after December 
        31, 2013.
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