S 3231 IS
111th CONGRESS
2d Session
S. 3231
To amend the Internal Revenue Code of 1986 to extend certain tax incentives for alcohol used as fuel and to amend the Harmonized Tariff Schedule of the United States to extend additional duties on ethanol.
IN THE SENATE OF THE UNITED STATES
April 20, 2010
Mr. GRASSLEY (for himself, Mr. CONRAD, Mr. THUNE, Mr. NELSON of Nebraska, Mr. JOHANNS, Mr. JOHNSON, and Mr. HARKIN) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to extend certain tax incentives for alcohol used as fuel and to amend the Harmonized Tariff Schedule of the United States to extend additional duties on ethanol.
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 ‘Grow Renewable Energy from Ethanol Naturally Jobs Act of 2010’ or the ‘GREEN Jobs Act of 2010’.
SEC. 2. EXTENSION OF INCOME TAX CREDIT FOR ALCOHOL USED AS FUEL.
(a) In General- Paragraph (1) of section 40(e) of the Internal Revenue Code of 1986 is amended--
(1) by striking ‘December 31, 2010’ in subparagraph (A) and inserting ‘December 31, 2015’, and
(2) by striking ‘January 1, 2011’ in subparagraph (B) and inserting ‘January 1, 2016’.
(b) Cellulosic Biofuel- Subparagraph (H) of section 40(b)(6) of such Code is amended by striking ‘January 1, 2013’ and inserting ‘January 1, 2016’.
(c) Reduced Amount for Ethanol Blenders- Paragraph (2) of section 40(h) of such Code is amended by striking ‘2010’ and inserting ‘2015’.
(d) Effective Date- The amendments made by this section shall take effect on the date of the enactment of this Act.
SEC. 3. EXTENSION OF EXCISE TAX CREDIT FOR ALCOHOL USED AS FUEL.
(a) In General- Paragraph (6) of section 6426(b) of the Internal Revenue Code of 1986 is amended by striking ‘December 31, 2010’ and inserting ‘December 31, 2015’.
(b) Effective Date- The amendment made by this section shall take effect on the date of the enactment of this Act.
SEC. 4. EXTENSION OF ADDITIONAL DUTIES ON ETHANOL.
Headings 9901.00.50 and 9901.00.52 of the Harmonized Tariff Schedule of the United States are each amended in the effective period column by striking ‘1/1/2011’ and inserting ‘1/1/2016’.
U.S. Congress - Text of S.3231 as Introduced in Senate GREEN Jobs Act of 2010
