[Congressional Bills 110th Congress] [From the U.S. Government Publishing Office] [H.R. 196 Introduced in House (IH)] 110th CONGRESS 1st Session H. R. 196 To amend the Internal Revenue Code of 1986 to make permanent certain tax incentives for ethanol and biodiesel used as a fuel, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 4, 2007 Mr. Pomeroy (for himself and Mr. Hulshof) 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 make permanent certain tax incentives for ethanol and biodiesel used as a fuel, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Renewable Fuels and Energy Independence Promotion Act of 2007''. SEC. 2. CREDITS FOR ALCOHOL AND BIODIESEL USED AS A FUEL MADE PERMANENT. (a) Income Tax.-- (1) Alcohol.--Section 40 of the Internal Revenue Code of 1986 (relating to alcohol used as a fuel) is amended by striking subsection (e). (2) Biodiesel.--Section 40A of such Code (relating to biodiesel and renewable diesel used as fuel) is amended by striking subsection (g). (b) Excise Tax.-- (1) Alcohol mixture used as a fuel.--Subsection (b) of section 6426 of such Code (relating to alcohol fuel mixture credit) is amended by striking paragraph (5). (2) Biodiesel mixture used as a fuel.--Subsection (c) of section 6426 of such Code (relating to biodiesel mixture credit) is amended by striking paragraph (6). (3) Alcohol and biodiesel mixtures not used for taxable purposes.--Paragraph (5) of section 6427(e) of such Code is amended-- (A) by striking subparagraphs (A) and (B), (B) by redesignating subparagraphs (C) and (D) as subparagraphs (A) and (B), respectively, and (C) in subparagraph (A), as so redesignated, by striking ``subparagraph (D)'' and inserting ``subparagraph (B)''. SEC. 3. ETHANOL TARIFF SCHEDULE. Headings 9901.00.50 and 9901.00.52 of the Harmonized Tariff Schedule of the United States are each amended in the effective period column by striking the text and inserting ``On and after the date of the enactment of the Renewable Fuels and Energy Independence Promotion Act of 2007''. <all>