,,ii  #aag? ,,congress  #a/ ,session    
,s4 #bbfb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bd1 #bjba ,ms4  
,klobu*> 7= h]self & ,mr4 ,?une7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to e/abli% an     
income tax cr$it = ! sale or bl5d+ (    
c]ta9 fuels conta9+ e?anol4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,l[     
,c>bon ,bi(uel ,cr$it ,act4  #b4 ,cr$it 
= sale or bl5d+ ( e?anol fuels  7a7 ,9  
g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new section3  #de,u4 ,cr$it =    
sale or bl5d+ ( e?anol fuels  7a7 ,9    
g5]al ,= purposes ( section #ch1 !      
e?anol fuel cr$it det]m9$ "u ?is section
 = any taxable ye> is an am\nt equal    
to-- 7#a7 9 ! case ( an applicable      
taxpay] :i* is describ$ 9 subsection    
7b77#a77;,a7--  7,a7 = ea* gallon (     
,e#ae bl5d$ by su* taxpay]1 #e c5ts1 &  

7,b7 = ea* gallon ( fuel bl5d$ by su*   
taxpay] :i* conta9s m ?an #ae volume    
p]c5t e?anol1 #aj c5ts1 &  7#b7 subject 
to subsection 7c71 9 ! case ( an        
applicable taxpay] :i* is describ$ 9    
subsection 7b77#a77;,b7-- 7,a7 = ea*    
gallon ( ,e#ae sold by su* taxpay]1 #e  
c5ts1 &  7,b7 = ea* gallon ( fuel sold  
by su* taxpay] :i* conta9s m ?an #ae    
volume p]c5t e?anol1 #aj c5ts4  7b7     
,def9itions ,= purposes ( ?is section-- 
7#a7 ,applicable taxpay] ,! t]m         
applicable taxpay] means-- 7,a7 an      
oxyg5ate bl5d] 7z def9$ 9 section       
#ajij4hj ( title #dj1 ,code ( ,f$]al    
,regulations71 &  7,b7 a retail] 7z     
def9$ 9 p>agraph 7#g7 ( section #aja ( !
 ,petroleum ,m>ket+ ,practices ,act 7#ae
 ,u4,s4,c4 #bhja774  7#b7 ,e#ae ,! t]m  
,e#ae means gasol9e t conta9s m ?an #ac 
& no m ?an #ae volume p]c5t e?anol4  7c7
 ,election  7#a7 ,9 g5]al  7,a7         
,election by oxyg5ate bl5d] ,subsection 
7a77#a7 %all apply ) respect to any     
gallon ( fuel describ$ 9 su* subsection 

only if ! applicable taxpay] describ$ 9 
subsection 7b77#a77;,a7 elects to h su* 
subsection apply ) respect to su* gallon
 ( fuel4  7,b7 ,notification ,!         
applicable taxpay] describ$ 9           
subp>agraph 7,a7 %all provide notice (  
_! election ) respect to any gallon (   
fuel describ$ 9 su* subp>agraph to any  
applicable taxpay] describ$ 9 subsection
 7b77#a77;,b7 to :i* su* fuel is sold1 )
 su* notice to be provid$ on or be=e !  
date ( su* sale4  7#b7 ,cr$it = retail] 
available only if n claim$ by oxyg5ate  
bl5d] ,subsection 7a77#b7 %all apply )  
respect to any gallon ( fuel describ$ 9 
su* subsection only if ! applicable     
taxpay] describ$ 9 subsection           
7b77#a77;,a7 has n elect$ 7pursuant to  
p>agraph 7#a77 to apply subsection      
7a77#a7 ) respect to su* gallon ( fuel4 
7d7 ,refundable cr$it = small retail]s  
,= purposes ( ?is title1 9 ! case ( a   
retail] ) n great] ?an #e retail        
locations at ! close ( ! taxable ye>1 ! 
cr$it all[$ "u subsection 7a77#b7 = su* 

taxable ye> %all be treat$ z a cr$it    
all[able "u subp>t ,c 7& n all[able "u  
?is subp>t7 = su* taxable ye>4  7e7     
,transf] ( cr$it  7#a7 ,9 g5]al ,subject
 to su* regulations or o!r guidance z ! 
,secret>y det]m9es necess>y or          
appropriate1 if1 ) respect to ! cr$it   
all[$ "u subsection 7a7 = any taxable   
ye>1 ! applicable taxpay] elects !      
application ( ?is subsection = su*      
taxable ye> ) respect to all 7or any    
portion specifi$ 9 su* election7 ( su*  
cr$it1 ! eligible entity specifi$ 9 su* 
election1 & n ! applicable taxpay]1 %all
 be treat$ z ! taxpay] = purposes ( ?is 
title ) respect to su* cr$it 7or su*    
portion !re(74  7#b7 ,eligible entity ,=
 purposes ( ?is subsection1 ! t]m       
eligible entity means any p]son )9 !    
supply *a9 = fuel describ$ 9 su* section
 7a74  4  7b7 ,cr$it ,to be "p ( g5]al  
bus9ess cr$it ,subsection 7b7 ( section 
#ch ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ by /rik+ plus at ! end (       
p>agraph 7#cb71 by /rik+ ! p]iod at !   

end ( p>agraph 7#cc7 & ins]t+ 1 plus1 & 
by add+ at ! end ! foll[+ new p>agraph3 
7#cd7 ! cr$it = sale or bl5d+ ( e?anol  
fuels "u section #de,u to :i* subsection
 7d7 ( su* section does n apply4  4  7c7
 ,con=m+ am5dm5t ,! table ( sections =  
subp>t ,d ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new item3  ,sec4 #de,u4 ,cr$it = sale  
or bl5d+ ( e?anol fuels4  4  7d7        
,effective date ,! am5dm5ts made by ?is 
section %all apply to fuel bl5d$ or sold
 aft] ,decemb] #ca1 #bjba4