Stop Animal Fat Tax Credits Act of 2016

Bill: 114-hr-5004
Sponsor: full_name: Rep. Weber, Randy K., Sr. [R-TX-14]
Introduced: 2016-04-20
Policy area: Taxation
Subjects: Alternative and renewable resources

Income tax credits

Motor fuels
Latest action: action_date: 2016-04-20
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-04-20
action_desc: Introduced in House
text: <p><b>Stop Animal Fat Tax Credits Act of 2016 </b></p> <p>This bill amends the Internal Revenue Code to make fuels derived from animal fats ineligible for the tax credits for: (1) biodiesel and renewable diesel, and (2) alternative fuels. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5004 IN THE HOUSE OF REPRESENTATIVES April 20, 2016 Mr. Weber of Texas (for himself, Mr. Sessions , Mr. Yoho , Mr. Gohmert , Mr. Olson , Mr. Farenthold , and Mr. Babin ) 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 disallow certain biodiesel and alternative fuel tax credits for fuels derived from animal fats.

1. Short title This Act may be cited as the Stop Animal Fat Tax Credits Act of 2016 . 2. Disallowance of biodiesel and alternative fuel credits for fuels derived from animal fats (a) Biodiesel fuels credit (1) Definition of biodiesel Section 40A(d)(1) of the Internal Revenue Code of 1986 is amended by striking or animal . (2) Definition of agri-biodiesel Section 40A(d)(2) of such Code is amended by striking , and from animal fats . (3) Definition of renewable diesel Section 40A(f)(3) of such Code is amended by inserting (other than animal fats) after biomass . (b) Alternative fuel mixtures credit The last sentence of subsection (d)(2) of section 6426 of such Code is amended— (1) by striking or any and inserting any ; and (2) by inserting before the period at the end , or any fuel derived from animal fats . (c) Effective date The amendments made by this section shall apply with respect to fuel sold or used after December 31, 2016.