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- S.1077
S.1077: A bill to amend the Internal Revenue Code of 1986 to provide a renewable liquid fuels tax credit, and for other purposes.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced May 19, 2005
- Latest Major Action May 19, 2005
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to allow: (1) a tax credit against the gasoline excise tax for renewable liquid fuels; and (2) a business tax credit for renewable liquid used as fuel. Defines "renewable liquid" as liquid hydrocarbons derived from certain waste and byproduct streams. Terminates such credits after 2010.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 19, 2005 |
Introduced in the Senate by Blanche Lincoln (D-Ark.) |