Amends the Internal Revenue Code respecting the small ethanol producer credit to: (1) authorize credit allocation among a cooperative's patrons; (2) increase the gallon capacity for eligible producers; (3) make the credit a non-passive income credit; and (4) remove the credit from the alcohol fuel credit gross income inclusion.
Actions
Jun 25, 2001
Sponsor introductory remarks on measure. (CR H3511)
Apr 26, 2001
Referred to the House Committee on Ways and Means.