To amend the Internal Revenue Code of 1986 to allow the small ethanol producer credit to be allocated to patrons of a cooperative in certain cases.

Amends the Internal Revenue Code to allow a cooperative organization to elect to apportion pro rata any portion of the small ethanol producer credit among patrons on the basis of the quantity or value of business done with or for the patrons for the taxable year. Provides for the treatment of the organization and the patrons.