Ethanol Reform and Deficit Reduction Act

Summary

Ethanol Reform and Deficit Reduction Act - Amends the Internal Revenue Code to: (1) link the amount of  the volumetric ethanol excise tax credit (VEETC) for calendar quarters beginning after June 30, 2011, to the average price of crude oil in a calendar quarter, (2) modify the rates of the income tax credit for alcohol used as fuel and extend such credit through 2014, (3) extend the alternative fuel refueling property tax credit and the special depreciation allowance for cellulosic biofuel plant property, and (4) make permanent the cellulosic biofuel producer tax credit. Modifies the definition of "cellulosic biofuel" for purposes of the cellulosic biofuel producer tax credit and the special depreciation allowance to mean any liquid fuel that is derived solely by or from qualified feedstocks. Defines "qualified feedstocks" as any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and any cultivated algae, cyanobacteria, or lemna.

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Timeline

1. 13 June 2011

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 June 2011

   Introduced

   Sponsor introductory remarks on measure. (CR S3734)

   Source: IntroReferral

3. 13 June 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 June 2011 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 June 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 June 2011

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 13 June 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Thune, John [R-SD] · R · Sponsor
• Sen. Klobuchar, Amy [D-MN] · D · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Johanns, Mike [R-NE] · R · Sponsor
• Sen. Hoeven, John [R-ND] · R · Sponsor
• Sen. Franken, Al [D-MN] · D · Sponsor
• Sen. Moran, Jerry [R-KS] · R · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• Sen. Nelson, Ben [D-NE] · D · Sponsor
• Sen. Harkin, Tom [D-IA] · D · Sponsor
• Sen. Johnson, Tim [D-SD] · D · Sponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Sponsor
• Sen. Coats, Daniel [R-IN] · R · Sponsor
• Sen. Durbin, Richard J. [D-IL] · D · Sponsor
• Sen. McCaskill, Claire [D-MO] · D · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• Sen. Conrad, Kent [D-ND] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Ethanol Modernization and Deficit Reduction Act
• related to → Domestic Energy Promotion Act of 2011