S.1619: Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency (OILSAVE) Act

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about taxation
  • Introduced June 14, 2007
  • Latest Major Action June 14, 2007

Bill Sponsor

Bill Summary

Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency (OILSAVE) Act - Amends the Internal Revenue Code to allow a tax credit for the purchase of a new qualified fuel-efficient motor vehicle. Defines "new qualified fuel-efficient motor vehicle" as a passenger automobile with a fuel economy rating of not less than 34.5 miles per gallon or a light truck with a 27.5 miles per gallon rating which are manufactured for model years...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
June 14, 2007

Introduced in the Senate by Ron Wyden (D-Ore.)

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