Second Generation Biofuel Producer Tax Credit Act of 2009

Summary

Second Generation Biofuel Producer Tax Credit Act of 2009 - Amends Internal Revenue Code provisions relating to the cellulosic biofuel producer tax credit to: (1) revise the applicable amount of such credit by linking it to the British thermal unit (BTU) content of second generation biofuels as determined by the Secretary of the Treasury; (2) expand the definition of "qualified feedstock" to include any cultivated algae, cyanobacteria, or lemna; (3) exclude from the definition of "second generation biofuel" certain fuel produced from coprocessing with nonqualified feedstocks and certain unprocessed fuels; (4) require producers of second generation biofuels to register with the Secretary; and (5) allow an additional depreciation allowance for property used to produce second generation biofuel.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 November 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 2 November 2009

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• Introduced in House

  summary · EN · 2 November 2009

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