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
Mar 26, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2898-2899)