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- H.R.4242
H.R.4242: To amend the Internal Revenue Code of 1986 to provide incentives for used oil re-refining, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Dec. 8, 2009
- Latest Major Action Dec. 8, 2009
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) expand the definition of "qualified refinery" for purposes of the taxpayer election to expense the costs of refinery property to include refineries for processing non-virgin lube oil from used, refined products (including used lube oil originally derived from crude oil or qualified fuels); (2) extend through 2016 the expensing allowance with respect to such refineries; and (3) allow a business-related...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Dec. 8, 2009 |
Introduced in the House by Jerry Moran (R-Kan.) |