H.R. 4168 is expected to be considered on the House floor on Wednesday, September 29, 2010, under a suspension of the rules, requiring a two-thirds majority vote for passage.  This legislation was introduced by Rep. Harry Teague (D-NM) on December 1, 2009. 

The bill would amend the Internal Revenue Code to expand the definition of a cellulosic biofuel to include algae-based biofuel for the purposes of the cellulosic biofuel producer tax credit.  The bill would also allow accelerated depreciation of property used to produce algae-based biofuels. 

Possible Member Concerns:  Members may be concerned about providing government subsidies for the expansion of algae-based biofuels.

According to JCT, this provision will decrease revenues by less than $500,000 over 10 years.