Amends the Internal Revenue Code to allow a portion of the alcohol fuels credit to offset the tentative minimum tax.
Allows an alcohol fuels credit for the production of biodiesel fuel.
Excludes from gross income the alcohol fuels credit attributable to biodiesels and certain ethanol-based ethers.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2147-2148)
Read twice and referred to the Committee on Finance.
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