I
113th CONGRESS
1st Session
H. R. 3758
IN THE HOUSE OF REPRESENTATIVES
December 12, 2013
Mr. Peters of California introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend the second generation biofuel producer credit and the special allowance for second generation biofuel plant property.
Short title
This Act may be cited as the
Second Generation Biofuel Extension Act of 2013
.
Extension of second generation biofuel producer credit and special allowance for second generation biofuel plant property
Second generation biofuel producer credit
Subparagraph (J) of section 40(b)(6) of the Internal Revenue Code of 1986 is amended by striking January 1, 2014
and inserting January 1, 2015
.
Special allowance for second generation biofuel plant property
Extension
Subparagraph (D) of section 168(l)(2) of such Code is amended by striking January 1, 2014
and inserting January 1, 2015
.
Conforming amendments
Paragraph (4) of section 168(l) of such Code is amended by striking and
at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting , and
, and by adding at the end the following new subparagraph:
by substituting January 1, 2015
for January 1, 2014
each place it appears therein.
.
Effective date
Credit
The amendment made by subsection (a) shall apply with respect to qualified second generation biofuel production after December 31, 2013.
Allowance
The amendment made by subsection (b) shall apply with respect to property placed in service after December 31, 2013.
