HR 404

112th CONGRESS
1st Session

H. R. 404

To amend the Internal Revenue Code of 1986 to extend and modify the credits for alcohol used as a fuel, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 24, 2011

Mr. FORTENBERRY introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Internal Revenue Code of 1986 to extend and modify the credits for alcohol used as a fuel, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. REDUCTION IN CREDIT FOR FUEL REQUIRED TO MEET RENEWABLE FUEL OBLIGATION.

SEC. 3. EXTENSION OF INCOME TAX CREDIT FOR ALCOHOL USED AS FUEL.

SEC. 4. EXTENSION OF EXCISE TAX CREDIT FOR ALCOHOL USED AS FUEL.

SEC. 5. EXTENSION OF PAYMENT FOR ALCOHOL FUEL MIXTURE.

SEC. 6. EXTENSION OF ADDITIONAL DUTIES ON ETHANOL.

SEC. 7. ENSURING THE AVAILABILITY OF DUAL FUELED AUTOMOBILES AND LIGHT DUTY TRUCKS.

`Sec. 32902A. Requirement to manufacture dual fueled automobiles and light duty trucks

`Model Year

Percentage

Model years 2013 and 2014

--50 percent

Model year 2015 and each subsequent model year

--90 percent.

SEC. 8. BLENDER PUMP PROMOTION.

`Applicable percentage of majority-owned stations and branded stations

Calendar year:

Percent:

2012

--10

2014

--20

2016

--35

2018 and each calendar year thereafter

--50.

END