To amend the Internal Revenue Code of 1986 to provide tax incentives to encourage the use of biodiesel as fuel.

Summary

Amends the Internal Revenue Code to allow a business tax credit for the production and use of biodiesel fuel. Specifies the required mixture rate for biodiesel fuel eligible for the credit. Requires, for purposes of the credit: (1) certification from the producer identifying the product; (2) sale of the fuel for use in a trade or business; and (3) sale of the fuel for use in a vehicle that is not registered for highway use. Imposes a tax for biodiesel mixture which is not used as fuel, but for which a credit was taken.

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Timeline

1. 2 April 2004

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 April 2004

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 April 2004

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 April 2004 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 April 2004

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 April 2004

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 April 2004

  Open at official source

Sponsors

• Rep. Smith, Nick [R-MI-7] · R · Sponsor
• · hswm00 · Standing

Related records

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