RENEWABLE DIESEL.

SEC. 1346. RENEWABLE DIESEL. (a) In General.—Section 40A (relating to biodiesel used as fuel), as amended by this Act, is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following new subsection: “(f) Renewable Diesel.—For purposes of this title— “(1) Treatment in the same manner as biodiesel.—Except as provided in paragraph (2), renewable diesel shall be treated in the same manner as biodiesel. “(2) Exceptions.— “(A) Rate of credit.—Subsections (b)(1)(A) and (b)(2)(A) shall be applied with respect to renewable diesel by substituting ‘$1.00’ for ‘50 cents’. “(B) Nonapplication of certain credits.—Subsections (b)(3) and (b)(5) shall not apply with respect to renewable diesel. “(3) Renewable diesel defined.—The term ‘renewable diesel’ means diesel fuel derived from biomass (as defined in section 45K(c)(3)) using a thermal depolymerization process which meets— “(A) the registration requirements for fuels and fuel additives established by the Environmental Protection Agency under section 211 of the Clean Air Act (42 U.S.C. 7545), and “(B) the requirements of the American Society of Testing and Materials D975 or D396.” . (b) Clerical Amendments.— (1) The heading for section 40A is amended by inserting “AND RENEWABLE DIESEL” after “BIODIESEL”. (2) The item in the table of contents for subpart D of part IV of subchapter A of chapter 1 relating to section 40A is amended to read as follows: “Sec. 40A. Biodiesel and renewable diesel used as fuel.” . (c) Effective Date.—The amendment made by subsection (a) shall apply with respect to fuel sold or used after December 31, 2005.