Bill > HR3758

This bill, the Second Generation Biofuel Extension Act of 2013, aims to extend tax incentives for the production of advanced biofuels, which are fuels derived from sources like agricultural waste or non-food crops, as opposed to traditional food crops. Specifically, it proposes to push back the expiration date for the second generation biofuel producer credit and the special allowance for second generation biofuel plant property from January 1, 2014, to January 1, 2015. This means that businesses producing these types of biofuels and investing in the necessary facilities will continue to be eligible for these tax benefits for an additional year, encouraging further development and adoption of these cleaner energy sources.