[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''.
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