Summary: H.R.5208 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.5208. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/26/2006)

Independence from Oil with Agriculture Act of 2006 - Amends the Internal Revenue Code to delete provisions that terminate tax credits after a certain time (thus extending such credits) for: (1) alcohol fuels; (2) biodiesel fuels; (3) alcohol fuel mixtures; (4) biodiesel mixtures; (5) electricity produced from wind and open-loop or close-loop biomass facilities; and (6) alternative fuel vehicle refueling property.

Amends the Clean Air Act to: (1) increase the applicable volume of renewable fuel for calendar years 2008-2012 that must be part of gasoline in the United States (except in noncontiguous states or territories); and (2) increase the number of gallons of renewable fuel in the calculation used to determine the required volume of renewable fuel in gasoline for calendar years 2013 and thereafter.