12 2 STA T .38 32 PUBLIC LA W 11 0– 3 4 3 —O CT. 3 , 2008 TI T LE II — T RANSPO RTATION AN D DO -M ESTI CFU EL SECURIT Y PRO V ISIONS SEC.201 . IN C LU SI O NO F CELLULOSIC B IOFUEL IN BONUS D E PR ECI A-T ION FOR BIO M ASS ET H ANOL PLANT PROPERT Y . (a)INGE NE RAL.—P a r a g ra ph ( 3 ) ofsecti o n168 ( l )isa m en d ed to read as follo w s
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‘(3) C ELL U L OSICB IO F UEL.— T he term ‘cell u losic b iofuel ’ means an y li q uid fuel which is produced from any lignocellulosic or hemicellulosic matter that is a v ailable on a renewable or recurring basis.’’. (b) CONFOR M IN GA MEN D MEN T S.— S ubsection (l) of section 168 is amended— (1) by stri k ing ‘‘cellulosic biomass ethanol’’ each place it appears and inserting ‘‘cellulosic biofuel’’ , ( 2 ) by striking ‘‘CELLULOSIC B IOMASS E T H ANOL’’ in the heading of such subsection and inserting ‘‘CELLULOSIC BIOFUEL’’, and (3) by striking ‘‘CELLULOSIC BIOMASS ETHANOL’’ in the heading of paragraph (2) thereof and inserting ‘‘CELLULOSIC BIOFUEL’’. (c) EFFECTI V E D ATE.—The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act, in ta x able years ending after such date. SEC. 202. CREDITS FOR BIODIESEL AND RENE W ABLE DIESEL. (a) IN GENERAL.—Sections 40 A(g), 6426(c)(6), and 642 7 (e)( 5 )(B) are each amended by striking ‘‘December 31, 2008’’ and inserting ‘‘December 31, 200 9 ’’. (b) INCREASE IN R ATE OF CREDIT.— (1) INCOME TA X CREDIT.—Paragraphs (1)(A) and (2)(A) of section 40A(b) are each amended by striking ‘‘50 cents’’ and inserting ‘‘ $ 1.00’’. (2) EXCISE TAX CREDIT.—Paragraph (2) of section 6426(c) is amended to read as follows: ‘‘(2) A P PLICABLE AMOUNT.— F or purposes of this subsection, the applicable amount is $1.00.’’. (3) CONFORMING AMENDMENTS.— (A) Subsection (b) of section 40A is amended by striking paragraph (3) and by redesignating paragraphs (4) and (5) as paragraphs (3) and (4), respectively. (B) Paragraph (2) of section 40A(f) is amended to read as follows: ‘‘(2) EXCEPTION.—Subsection (b)(4) shall not apply with respect to renewable diesel.’’. (C) Paragraphs (2) and (3) of section 40A(e) are each amended by striking ‘‘subsection (b)(5)(C)’’ and inserting ‘‘subsection (b)(4)(C)’’. (D) Clause (ii) of section 40A(d)(3)(C) is amended by striking ‘‘subsection (b)(5)(B)’’ and inserting ‘‘subsection (b)(4)(B)’’. (c) U NIFORM TREATMENT OF DIESEL PRODUCED FROM BIO - MASS.—Paragraph (3) of section 40A(f) is amended— (1) by striking ‘‘diesel fuel’’ and inserting ‘‘liquid fuel’’, (2) by striking ‘‘using a thermal depolymeri z ation process’’, and Ap p licab ili ty.26USC1 6 8no t e . 26 USC 168.
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