[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4756 Introduced in House (IH)]







109th CONGRESS
  2d Session
                                H. R. 4756

To amend the Internal Revenue Code of 1986 to limit the agri-biodiesel 
            credit to oils produced from plants and animals.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 15, 2006

 Mr. Butterfield (for himself, Mr. Jones of North Carolina, Mr. Bishop 
  of Georgia, and Mr. Berry) 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 limit the agri-biodiesel 
            credit to oils produced from plants and animals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AGRI-BIODIESEL CREDIT LIMITED TO OILS PRODUCED FROM PLANTS 
              AND ANIMALS.

    (a) In General.--Paragraph (2) of section 40A(d) of the Internal 
Revenue Code of 1986 (defining agri-biodiesel) is amended to read as 
follows:
            ``(2) Agri-biodiesel.--The term `agri-biodiesel' means 
        biodiesel derived solely from virgin oils--
                    ``(A) from esters derived from corn, soybeans, 
                sunflower seeds, cottonseeds, canola, crambe, 
                rapeseeds, safflowers, flaxseeds, rice bran, and 
                mustard seeds, and
                    ``(B) from animal fats.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to biodiesel sold after the date of the enactment of this Act in 
taxable years ending after such date.
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