Sec. 1347. MODIFICATION OF SMALL ETHANOL PRODUCER CREDIT
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## SEC. 1347 MODIFICATION OF SMALL ETHANOL PRODUCER CREDIT ###
(a)Definition of Small Ethanol Producer Section 40(g) (relating to definitions and special rules for eligible small ethanol producer credit) is amended by striking “30,000,000” each place it appears and inserting “60,000,000”. ###
(b)Written Notice of Election to Allocate Credit to Patrons Section 40(g)(6)(A)(ii) (relating to form and effect of election) is amended by adding at the end the following new sentence: “Such election shall not take effect unless the organization designates the apportionment as such in a written notice mailed to its patrons during the payment period described in section 1382(d).”. ###
(c)Effective Date The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.