S.748 - Algae-Based Renewable Fuel Promotion Act of 2011

A bill to amend the Internal Revenue Code of 1986 to expand the definition of cellulosic biofuel to include algae-based biofuel for purposes of the cellulosic biofuel producer credit and the special allowance for cellulosic biofuel plant property. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to expand the definition of cellulosic biofuel to include algae-based biofuel for purposes of the cellulosic biofuel producer credit and the special allowance for cellulosic biofuel plant property. as introduced.
  • Short: Algae-Based Renewable Fuel Promotion Act of 2011 as introduced.

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04/06/11
 
 
 
 
 
 
 

Official Summary

Algae-Based Renewable Fuel Promotion Act of 2011 - Amends the Internal Revenue Code to modify the definition of \"cellulosic biofuel\" for purposes of the cellulosic biofuel producer tax credit and the special depreciation allowance to mean any liquid fuel which is derived solely by, or fro

Official Summary

Algae-Based Renewable Fuel Promotion Act of 2011 - Amends the Internal Revenue Code to modify the definition of \"cellulosic biofuel\" for purposes of the cellulosic biofuel producer tax credit and the special depreciation allowance to mean any liquid fuel which is derived solely by, or from, qualified feedstocks. Defines \"qualified feedstocks\" as any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and any cultivated algae, cyanobacteria, or lemna.

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