H.R.5208 - Independence from Oil with Agriculture Act of 2006109th Congress (2005-2006)
|Sponsor:||Rep. Nussle, Jim [R-IA-1] (Introduced 04/26/2006)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||House - 04/26/2006 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
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Summary: H.R.5208 — 109th Congress (2005-2006)All Information (Except Text)
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.