,i #aaith ,,congress #ast ,session ,h4 ,r4 #bicb ,,in ,,the ,,house ,,of ,,representatives ,april #ag1 #bjbe,mr4 ,garcia of ,california 7for himself and ,mr4 ,obernolte7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to establish a tax credit for the production of aviation gasoline that is free of tetra-ethyl-lead4 #a4 ,short title ,this ,act may be cited as the ,cutting ,lead ,exposure and ,aviation ,relief ,skies ,act or the ,,clear ,skies ,act4 #b4 ,aviation gasoline production credit 7a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de;,,bb4 ,aviation gasoline production credit 7a7 ,amount of credit 7#a7 ,in general ,for purposes of section #ch1 the aviation gasoline production credit determined under this section for the taxable year is an amount equal to the product of-- 7,a7 the number of gallons of qualified aviation gasoline produced by the taxpayer and sold by the taxpayer in the manner described in paragraph 7#e7 during the taxable year1 multiplied by 7,b7 the applicable amount with respect to such gasoline4 7#b7 ,applicable amount ,the applicable amount under this paragraph is equal to-- 7,a7 in the case of qualified aviation gasoline sold during calendar year #bjbf1 #a4be1 7,b7 in the case of qualified aviation gasoline sold during calendar year #bjbg1 #a4bj1 7,c7 in the case of qualified aviation gasoline sold during calendar year #bjbh1 #a4ae1 7,d7 in the case of qualified aviation gasoline sold during calendar year #bjbi1 #a4aj1 and 7,e7 in the case of qualified aviation gasoline sold during calendar year #bjcj1 #a4je4 7#c7 ,qualified aviation gasoline ,for purposes of this section1 the term qualified aviation gasoline means aviation gasoline-- 7,a7 which is-- 7i7 defined in section #dcf4aja of title #aj1 ,code of ,federal ,regulations1 7ii7 free from tetra-ethyl-lead1 and 7iii7 produced by the taxpayer in the ,united ,states1 7,b7 which meets the requirements of any aviation fuel standards promulgated pursuant to section #ddgad of title #di1 ,united ,states ,code1 and 7,c7 the transfer of which to the fuel tank of an aircraft occurs in the ,united ,states4 7#d7 ,sale ,for purposes of paragraph 7#a71 the qualified aviation gasoline is sold in a manner described in this paragraph if such gasoline is sold by the taxpayer to an unrelated person-- 7,a7 for use by such person in a trade or business1 or 7,b7 who sells such fuel at retail to another person and places such fuel in the fuel tank of such other person4 7b7 ,registration of qualified aviation gasoline producers ,no credit shall be allowed under this section with respect to any aviation gasoline unless the producer of such fuel-- 7#a7 is registered with the ,secretary under section #daja1 and 7#b7 provides certification 7in such form or manner as the ,secretary shall prescribe after consultation with the ,secretary of ,transportation7 demonstrating that such gasoline is qualified aviation gasoline4 7c7 ,regulations and guidance ,not later than #ahj days after the date of the enactment of this section1 the ,secretary shall1 after consultation with the ,secretary of ,transportation1 prescribe such regulations and guidance as are necessary to carry out the purposes of this section4 7d7 ,termination ,this section shall not apply to any sale after ,december #ca1 #bjcj4 4 7b7 ,credit made part of general business credit ,section #ch7;b7 of such ,code is amended by striking plus at the end of paragraph 7#dj71 by striking the period at the end of paragraph 7#da7 and inserting 1 plus1 and by inserting after paragraph 7#da7 the following new paragraph3 7#db7 the aviation gasoline production credit determined under section #de;,,bb4 4 7c7 ,certification of producers ,section #daja7;a77#a7 of such ,code is amended by striking and every person producing second generation biofuel 7as defined in section #dj7;b77#f77;,e77 and inserting every person producing second generation biofuel 7as defined in section #dj7;b77#f77;,e771 and every person producing qualified aviation gasoline 7as defined in section #de;,,bb7a77#d774 7d7 ,qualified aviation gasoline taxed as aviation gasoline ,section #djha7;a77#b77;,a77ii7 of such ,code is amended by inserting 7including qualified aviation gasoline as defined in section #de;,,bb7a77#d77 after aviation gasoline4 7e7 ,clerical amendment ,the table of sections for subpart ,d of subchapter ,a of chapter #a of such ,code is amended by inserting after the item relating to section #de;,,aa the following new item3 ,sec4 #de;,,bb4 ,aviation gasoline credit4 4 7f7 ,effective date ,the amendments made by this section shall apply to fuel sold or used after ,december #ca1 #bjbe4 #c4 ,,gao ,study 7a7 ,study ,the ,comptroller ,general of the ,united ,states shall carry out a study relating to the price of unleaded aviation gas1 including-- 7#a7 the price differential of leaded aviation gas at the consumer point of sale as compared with unleaded aviation gas1 including unleaded aviation gas at different octane levels1 7#b7 the major drivers of the price differential between leaded and unleaded gas1 including research and development1 refining1 transportation and delivery and storage1 7#c7 whether the aviation gasoline credit under section #de;,,bb of the ,internal ,revenue ,code of #aihf 7as added by section #a7 results in cost savings that are passed along to the end-user consumer1 7#d7 recommendations1 if any1 for changes to such credit to ensure the highest amount of cost savings is passed along to the end-user consumer1 and 7#e7 the amount and percentage of unleaded aviation gas in the overall aviation gas market and future market projections for such amount and percentage4 7b7 ,report ,not later than one year after the date of the enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall issue a report to ,congress describing the findings and determinations made in carrying out the study required under subsection 7a74