Section 1 Short title
This Act may be cited as the “Stop Animal Fat Tax Credits Act of 2016”.
Stop Animal Fat Tax Credits Act of 2016
A BILL
To amend the Internal Revenue Code of 1986 to disallow certain biodiesel and alternative fuel tax credits for fuels derived from animal fats.
Sec. 2 Disallowance of biodiesel and alternative fuel credits for fuels derived from animal fats
Biodiesel fuels credit—
Definition of biodiesel— Section 40A(d)(1) of the Internal Revenue Code of 1986 is amended by striking “or animal”.
Definition of agri-biodiesel— Section 40A(d)(2) of such Code is amended by striking “, and from animal fats”.
Definition of renewable diesel— Section 40A(f)(3) of such Code is amended by inserting “(other than animal fats)” after “biomass”.
Alternative fuel mixtures credit— The last sentence of subsection (d)(2) of section 6426 of such Code is amended—
by striking “or any” and inserting “any”; and
by inserting before the period at the end “, or any fuel derived from animal fats”.
Effective date— The amendments made by this section shall apply with respect to fuel sold or used after December 31, 2016.