I 

111TH CONGRESS 

2D SESSION H. R. 5435 

To amend the Internal Revenue Code of 1986 to extend certain renewable 

fuel, and energy, tax incentives, and to deny the deduction for income 

attributable to domestic production of oil, or primary products thereof. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 27, 2010 

Mr. BRALEY of Iowa 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 

certain renewable fuel, and energy, tax incentives, and 

to deny the deduction for income attributable to domestic 

production of oil, or primary products thereof. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Big Oil Accountability 

5 Act of 2010’’. 


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1 SEC. 2. EXTENSION OF BIODIESEL AND RENEWABLE DIE2 SEL INCENTIVES. 

3 (a) CREDITS FOR BIODIESEL AND RENEWABLE DIE4 SEL USED AS FUEL.—Subsection (g) of section 40A of 

5 the Internal Revenue Code of 1986 is amended by striking 

6 ‘‘December 31, 2009’’ and inserting ‘‘December 31, 

7 2015’’. 

8 (b) EXCISE TAX CREDITS AND OUTLAY PAYMENTS

9 FOR BIODIESEL AND RENEWABLE DIESEL FUEL MIX10 TURES.— 

11 (1) Paragraph (6) of section 6426(c) of such 

12 Code is amended by striking ‘‘December 31, 2009’’ 

13 and inserting ‘‘December 31, 2015’’. 

14 (2) Subparagraph (B) of section 6427(e)(6) is 

15 amended by striking ‘‘December 31, 2009’’ and in16 serting ‘‘December 31, 2015’’. 

17 (c) EFFECTIVE DATE.—The amendments made by 

18 this section shall apply to fuel sold or used after December 

19 31, 2009. 

20 SEC. 3. EXTENSION OF INCOME TAX CREDIT FOR ALCOHOL 

21 USED AS FUEL. 

22 (a) IN GENERAL.—Paragraph (1) of section 40(e) of 

23 the Internal Revenue Code of 1986 is amended— 

24 (1) by striking ‘‘December 31, 2010’’ in sub25 paragraph (A) and inserting ‘‘December 31, 2015’’, 

26 and 


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1 (2) by striking ‘‘January 1, 2011’’ in subpara2 graph (B) and inserting ‘‘January 1, 2016’’. 

3 (b) CELLULOSIC BIOFUEL.—Subparagraph (H) of 

4 section 40(b)(6) of such Code is amended by striking 

5 ‘‘January 1, 2013’’ and inserting ‘‘January 1, 2016’’. 

6 (c) REDUCED AMOUNT FOR ETHANOL BLENDERS.— 

7 Paragraph (2) of section 40(h) of such Code is amended 

8 by striking ‘‘2010’’ and inserting ‘‘2015’’. 

9 (d) EFFECTIVE DATE.—The amendments made by 

10 this section shall take effect on the date of the enactment 

11 of this Act. 

12 SEC. 4. EXTENSION OF EXCISE TAX CREDIT FOR ALCOHOL 

13 USED AS FUEL. 

14 (a) IN GENERAL.—Paragraph (6) of section 6426(b) 

15 of the Internal Revenue Code of 1986 is amended by strik16 ing ‘‘December 31, 2010’’ and inserting ‘‘December 31, 

17 2015’’. 

18 (b) EFFECTIVE DATE.—The amendment made by 

19 this section shall take effect on the date of the enactment 

20 of this Act. 

21 SEC. 5. EXTENSION OF CREDIT FOR ELECTRICITY PRO22 DUCED FROM CERTAIN RENEWABLE RE23 SOURCES. 

24 Subsection (d) of section 45 of the Internal Revenue 

25 Code of 1986 is amended— 


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1 (1) by striking ‘‘2013’’ in paragraph (1) and in2 serting ‘‘2016’’, and 

3 (2) by striking ‘‘2014’’ each place it appears in 

4 paragraphs (2), (3), (4), (6), (7), (9), and (11) and 

5 inserting ‘‘2016’’. 

6 SEC. 6. EXTENSION OF ADDITIONAL DUTIES ON ETHANOL. 

7 Headings 9901.00.50 and 9901.00.52 of the Har8 monized Tariff Schedule of the United States are each 

9 amended in the effective period column by striking ‘‘1/1/ 

10 2011’’ and inserting ‘‘1/1/2016’’. 

11 SEC. 7. DENIAL OF DEDUCTION FOR INCOME ATTRIB12 UTABLE TO DOMESTIC PRODUCTION OF OIL 

13 OR PRIMARY PRODUCTS THEREOF. 

14 (a) IN GENERAL.— 

15 (1) DENIAL OF DEDUCTION.—Subparagraph 

16 (B) of section 199(c)(4) of the Internal Revenue 

17 Code of 1986 is amended by striking ‘‘or’’ at the 

18 end of clause (ii), by striking the period at the end 

19 of clause (iii) and inserting ‘‘, or’’, and by inserting 

20 after clause (iii) the following new clause: 

21 ‘‘(iv) the production, refining, proc22 essing, transportation, or distribution of oil 

23 (or any primary product thereof).’’. 


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1 (2) PRIMARY PRODUCT DEFINED.—Section 

2 199(c)(4)(B) of such Code is amended by adding at 

3 the end the following flush sentence: 

4 ‘‘For purposes of clause (iv), the term ‘primary product’ 

5 has the same meaning as when used in section 

6 927(a)(2)(C), as in effect before its repeal.’’. 

7 (b) EFFECTIVE DATE.—The amendments made by 

8 this section shall apply to taxable years beginning after 

9 December 31, 2010. 

Æ 


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