HR 1188 IH
112th CONGRESS
1st Session
H. R. 1188
To amend the Internal Revenue Code of 1986 to terminate incentives for alcohol fuels.
IN THE HOUSE OF REPRESENTATIVES
March 17, 2011
Mr. LANCE (for himself, Mr. BLUMENAUER, Mr. FLAKE, Mr. DEFAZIO, Mr. MCCLINTOCK, Ms. WOOLSEY, and Mr. HANNA) 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 terminate incentives for alcohol fuels.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. TERMINATION OF INCENTIVES FOR ALCOHOL FUELS.
(a) Termination of Excise Tax Credit for Alcohol Fuel Mixtures- Sections 6426(b)(6) and 6427(e)(6)(A) of the Internal Revenue Code of 1986 are each amended by striking ‘December 31, 2011’ and inserting ‘the date of the enactment of the Repeal Ethanol Subsidies Today Act of 2011’.
(b) 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 ‘to any sale or use--’ and all that follows and inserting ‘for any period after the date of the enactment of the Repeal Ethanol Subsidies Today Act of 2011’.
(c) Elimination of Reduced Income Tax Credit for Ethanol- The table contained in section 40(h)(2) of the Internal Revenue Code of 1986 is amended--
(1) by striking ‘2011’ and inserting ‘the enactment date of the Volumetric Ethanol Excise Tax Credit Repeal Act’, and
(2) by adding at the end the following:
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‘After such enactment date zero zero’.
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(d) Effective Date- The amendments made by this section shall apply to any sale, use, or removal for any period after the date of the enactment of the Act.
U.S. Congress - Text of H.R.1188 as Introduced in House Repeal Ethanol Subsidies Today Act of 2011
