To amend the Internal Revenue Code of 1986 to make permanent the second generation biofuel producer credit.

Bill: 116-hr-2059
Sponsor: full_name: Rep. Axne, Cynthia [D-IA-3]
Introduced: 2019-04-03
Policy area: Taxation
Subjects: Alternative and renewable resources

Business investment and capital

Income tax credits
Latest action: action_date: 2019-04-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-04-03
action_desc: Introduced in House
text: <p>This bill permanently extends the second generation biofuel producer tax credit. (Under current law, the tax credit expired at the end of 2017.)</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2059 IN THE HOUSE OF REPRESENTATIVES April 3, 2019 Mrs. Axne (for herself and Ms. Finkenauer ) 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 the second generation biofuel producer credit.

1. Second generation biofuel producer credit (a) In general Section 40(b)(6) of the Internal Revenue Code of 1986 is amended by striking subparagraph (J). (b) Effective date The amendment made by this section shall apply to qualified second generation biofuel production after December 31, 2017.