US Codex
Bill
Notes

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

H.R. 6290 · 114th Congress · Sep 28, 2016 · Lineage

A BILL

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.