[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6290 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 6290

   To amend the Internal Revenue Code of 1986 to extend certain tax 
   incentives for biodiesel, renewable diesel, and alternative fuels.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 28, 2016

Mr. Valadao (for himself and Mr. Costa) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to extend certain tax 
   incentives for biodiesel, renewable diesel, and alternative fuels.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF BIODIESEL AND RENEWABLE DIESEL INCENTIVES.

    (a) Income Tax Credit.--
            (1) In general.--Subsection (g) of section 40A of the 
        Internal Revenue Code of 1986 is amended by striking ``December 
        31, 2016'' and inserting ``December 31, 2018''.
            (2) Effective date.--The amendment made by this subsection 
        shall apply to fuel sold or used after December 31, 2016.
    (b) Excise Tax Incentives.--
            (1) In general.--Section 6426(c)(6) of such Code is amended 
        by striking ``December 31, 2016'' and inserting ``December 31, 
        2018''.
            (2) Payments.--Section 6427(e)(6)(B) of such Code is 
        amended by striking ``December 31, 2016'' and inserting 
        ``December 31, 2018''.
            (3) Effective date.--The amendments made by this subsection 
        shall apply to fuel sold or used after December 31, 2016.

SEC. 2. EXTENSION OF EXCISE TAX CREDITS RELATING TO ALTERNATIVE FUELS.

    (a) Extension of Alternative Fuels Excise Tax Credits.--
            (1) In general.--Sections 6426(d)(5) and 6426(e)(3) of the 
        Internal Revenue Code of 1986 are each amended by striking 
        ``December 31, 2016'' and inserting ``December 31, 2018''.
            (2) Outlay payments for alternative fuels.--Section 
        6427(e)(6)(C) of such Code is amended by striking ``December 
        31, 2016'' and inserting ``December 31, 2018''.
    (b) Effective Date.--The amendments made by this section shall 
apply to fuel sold or used after December 31, 2016.
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