Senators Harkin and Lugar Introduce Biofuels Pipeline Act

July 21, 2008

 

Senators Tom Harkin (D-IA) and Richard Lugar (R-IN) introduced  today the Biofuels Pipeline Act of 2008, S. 3291.  The bill makes the transportation, storage, and marketing of biofuels, defined by reference to section 211 of the Clean Air Act, qualifying income for PTPs under section 7704(d)(1)(E). 

 

In a press release announcing the bill, Senator Harkin stated, "Our bill makes a simple change to the tax code that meets the demands and realities of the 21st century energy marketplace, removing barriers so that biofuels producers in the Midwest and elsewhere will have an efficient, inexpensive way to transport these renewable fuels to the market."  Senator Lugar noted, "Overcoming problems in moving ethanol through pipelines, as Brazil has done, is important in developing the full promise of America’s renewable fuels.  This legislation will help determine U.S. infrastructure planning and development.”

 

Related Links:

  

For a copy of the Biofuels Pipeline Act, click here.

For a copy of Senator Harkin's introductory statement, click here.

For a copy of the Harkin-Lugar press release: 

Click here for the Harkin version

Click here for the Lugar version