skip to main content

H.R. 3758 (113th): Second Generation Biofuel Extension Act of 2013

The text of the bill below is as of Dec 12, 2013 (Introduced).


I

113th CONGRESS

1st Session

H. R. 3758

IN THE HOUSE OF REPRESENTATIVES

December 12, 2013

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.

1.

Short title

This Act may be cited as the Second Generation Biofuel Extension Act of 2013 .

2.

Extension of second generation biofuel producer credit and special allowance for second generation biofuel plant property

(a)

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.

(b)

Special allowance for second generation biofuel plant property

(1)

Extension

Subparagraph (D) of section 168(l)(2) of such Code is amended by striking January 1, 2014 and inserting January 1, 2015.

(2)

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:

(C)

by substituting January 1, 2015 for January 1, 2014 each place it appears therein.

.

(c)

Effective date

(1)

Credit

The amendment made by subsection (a) shall apply with respect to qualified second generation biofuel production after December 31, 2013.

(2)

Allowance

The amendment made by subsection (b) shall apply with respect to property placed in service after December 31, 2013.