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Searching...- Bills
- H.R.2480
H.R.2480: Gas Price Relief Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced May 24, 2007
- Latest Major Action May 24, 2007
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Summary
Gas Price Relief Act of 2007 - Amends the Internal Revenue Code to suspend certain federal motor fuel excise taxes until the average price of unleaded regular gasoline is less than $3.00 per gallon for a period of six consecutive months (suspension period). Provides for adjustments to such excise taxes for floor stocks of motor fuels held by dealers prior to or after the suspension period.Repeals provisions allowing a taxpayer election to...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Energy and Commerce
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Referred to the Subcommittee on Energy and Air Quality.
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| May 24, 2007 |
Introduced in the House by Baron P. Hill (D-Ind.) |