Section 1 Short title
This Act may be cited as the “Second Generation Biofuel Extension Act of 2013”.
Second Generation Biofuel Extension Act of 2013
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.
Sec. 2 Extension of second generation biofuel producer credit and special allowance for second generation biofuel plant property
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”.
Special allowance for second generation biofuel plant property—
Extension— Subparagraph (D) of section 168(l)(2) of such Code is amended by striking “January 1, 2014” and inserting “January 1, 2015”.
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.”
Effective date—
Credit— The amendment made by subsection (a) shall apply with respect to qualified second generation biofuel production after December 31, 2013.
Allowance— The amendment made by subsection (b) shall apply with respect to property placed in service after December 31, 2013.