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house Bill H.R. 4168

Algae-based Renewable Fuel Promotion Act of 2010

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house Passed September 28th, 2010
    Passed by Voice Vote
      house Committees
      Committee on Ways and Means
    IntroducedDecember 1st, 2009

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Bill Details

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Title

Algae-based Renewable Fuel Promotion Act of 2010

Official Title

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.

Summary

Algae-based Renewable Fuel Promotion Act of 2010 - 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 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. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

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