US SB530 | 2011-2012 | 112th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on March 9 2011 - 25% progression, died in chamber
Action: 2011-03-10 - Sponsor introductory remarks on measure. (CR S1543-1544)
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Internal Revenue Code to limit, after June 30, 2011, the eligibility for the income and excise tax credits for alcohol used as fuel to ethanol that qualifies as an advanced biofuel under the Clean Air Act. Requires the President to: (1) reduce semiannually the temporary duty imposed on ethanol by an amount equal to the reduction in any federal income or excise tax credit for alcohol and ethanol blends used as fuel; and (2) take other actions necessary to ensure that the combined temporary duty and any other duty imposed on ethanol is equal to, or lower than, any federal income or excise tax credit applicable to ethanol.

Tracking Information

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Title

A bill to modify certain subsidies for ethanol production, and for other purposes.

Sponsors


History

DateChamberAction
2011-03-10SenateSponsor introductory remarks on measure. (CR S1543-1544)
2011-03-09SenateRead twice and referred to the Committee on Finance. (text of measure as introduced: CR 3/10/2011 S1544)

Subjects


US Congress State Sources


Bill Comments

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