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S. 1589

BillFederalSenateIn Committee
Biodiesel Tax Incentive Reform and Extension Act of 2009
About This Bill
Committee
Latest Action · August 6, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9000-9001)
Congress
111th (2009–2011)
Introduced
August 6, 2009
Cosponsors (14)
10D 4R
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Summary

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Biodiesel Tax Incentive Reform and Extension Act of 2009 - Amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced; (2) provide for an increased income tax credit for small biodiesel producers; (3) revise the definitions of "biodiesel" and "small biodiesel producer"; (4) treat renewable diesel in the same manner as biodiesel for income tax purposes; and (5) treat biodiesel as a taxable fuel for excise tax purposes. Extends the biodiesel income and excise tax credits through December 31, 2014.

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