[Congressional Record Volume 156, Number 56 (Tuesday, April 20, 2010)]
[Senate]
[Page S2478]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. GRASSLEY (for himself, Mr. Conrad, Mr. Thune, Mr. Nelson
of Nebraska, Mr. Johanns, Mr. Johnson, and Mr. Harkin):
S. 3231. 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; to the Committee on Finance.
Mr. GRASSLEY. Mr. President, I ask unanimous consent that the text of
the bill be printed in the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
S. 3231
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''.
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