Family Farm Energy Relief Act of 2006

Summary

Family Farm Energy Relief Act of 2006 - Repeals provisions of the Energy Policy Act of 2005 relating to: (1) the expensing of equipment used in refining of liquid fuels and accelerated depreciation of natural gas distribution and gathering lines; (2) the pass through of tax deductions for environmental compliance costs; (3) the small refiner exception to limitations on the oil depletion tax deduction; and (4) the two-year amortization of geological and geophysical expenditures. Amends the Internal Revenue Code to allow certain farmers actively engaged in farming: (1) a tax credit for 10% of farm diesel fuel expenses through 2009; (2) an increased agri-biodiesel producer tax credit; and (3) a small biodiesel producer tax credit.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 July 2006

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• Introduced in House (PDF)

  Introduced in House · EN · 27 July 2006

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• Introduced in House

  summary · EN · 27 July 2006

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