US SB2783 | 2009-2010 | 111th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on November 17 2009 - 25% progression, died in chamber
Action: 2009-11-17 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 17 2009 - 25% progression, died in chamber
Action: 2009-11-17 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
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 tax credit for the production of qualified re-refined lubricating oil.
Title
A bill to amend the Internal Revenue Code of 1986 to provide incentives for used oil re-refining, and for other purposes.
Sponsors
Sen. Evan Bayh [D-IN] | Sen. Maria Cantwell [D-WA] | Sen. Richard Lugar [R-IN] |
History
Date | Chamber | Action |
---|---|---|
2009-11-17 | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB4242 (Same As) 2009-12-08 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/senate-bill/2783/all-info |
Text | https://www.congress.gov/111/bills/s2783/BILLS-111s2783is.pdf |