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HR 5911 IH

To repeal certain incentives and subsidies for renewable fuels.

April 29, 2008

Mr. FLAKE (for himself, Mr. DEAL of Georgia, Mr. ROHRABACHER, Mr. BROUN of Georgia, and Mr. STARK) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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

To repeal certain incentives and subsidies for renewable fuels.

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 `Remove Incentives for Producing Ethanol Act of 2008' or the `RIPE Act of 2008'.

SEC. 2. REPEAL OF RENEWABLE FUEL STANDARD.

Section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)), and the amendments to such section 211(o) made by title I of the Energy Independence and Security Act of 2007 (Public Law 110-140), are repealed.

SEC. 3. IMMEDIATE TERMINATION OF EXCISE TAX CREDIT FOR ALCOHOL FUEL MIXTURES.

Sections 6426(b)(5) and 6427(e)(5)(A) of the Internal Revenue Code of 1986 are each amended by striking `December 31, 2010' and inserting `the date of the enactment of the RIPE Act of 2008'.

SEC. 4. IMMEDIATE TERMINATION OF INCOME TAX CREDIT FOR ALCOHOL USED AS FUEL.

Paragraph (1) of section 40(e) of the Internal Revenue Code of 1986 is amended by striking `any sale or use--' and all that follows and inserting `any sale or use for any period after the date of the enactment of the RIPE Act of 2008'.

SEC. 5. REMOVAL OF TARIFFS ON ETHANOL.

(a) Duty-Free Treatment- Chapter 98 of the Harmonized Tariff Schedule of the United States is amended by adding at the end the following new subchapter:

`Subchapter XXII

Alternative Fuels

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Heading/Subheading Article Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Rates of Duty               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          1                     2     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          General       Special       

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9823.01.01         Ethyl alcohol (provided for in subheadings 2207.10.60 and 2207.20) or any mixture containing such ethyl alcohol (provided for in heading 2710 or 2824) if such ethyl alcohol or mixture is to be used as a fuel or in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol, or any other mixture to be used as fuel (including motor fuel provided for in subheading 2710.11.15, 2710.19.15 or 2710.19.21), or is suitable for any such uses.......... Free          Free    20%'. 

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(b) Conforming Amendments- Subchapter I of chapter 99 of the Harmonized Tariff Schedule of the United States is amended--

(1) by striking heading 9901.00.51; and

(2) by striking U.S. notes 2 and 3.

(c) Effective Date- The amendments made by this section apply to goods entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment of this Act.