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- H.R.2647
H.R.2647: To amend the Internal Revenue Code of 1986 to terminate the tax subsidies for large producers of ethanol used as a fuel.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Nov. 16, 1995
- Latest Major Action Nov. 16, 1995
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Summary
Amends the Internal Revenue Code to terminate the credit for large producers of ethanol used as a fuel after 1997. Disallows the credit for alcohol used to produce any ether. Exempts from tax liquids sold for use or used in an off-highway business use. Repeals the reduced rate on ethanol fuel produced from natural gas. Provides for the tax treatment of fuel alcohol in the same manner as other motor fuels. Repeals the reduced rates on alcohol...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Nov. 16, 1995 |
Introduced in the House by Phil English (R-Pa.) |