HR 6943 · 110th Congress · Taxation
To amend the Internal Revenue Code of 1986 to provide for a credit for algae derived fuels, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2008-09-18)
Plain Language Summary
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Amends the Internal Revenue Code to allow an income and excise tax credit for the production of algae derived fuel and fuel mixtures. Defines "algae derived fuel" as a liquid hydrocarbon product that is derived from the biomass of algal organisms (single- or multi-cellular organisms that are inherently photosynthetic and aquatic). Terminates such credits after 2012.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
1 Democrat4 Republicans