S. 1548 · 108th Congress
Volumetric Ethanol Excise Tax Credit (VEETC) Act of 2003
- Stage
- Reported from committee
- Sponsor
- Chuck Grassley
- Introduced
- 2003-07-31
- Latest action
- 2003-09-17 · Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.
Summary
Volumetric Ethanol Excise Tax Credit (VEETC) Act of 2003 - Amends the Internal Revenue Code to establish, for a limited period of time: (1) a biodiesel fuels credit business credit; and (2) as a credit against the gasoline and diesel fuel excise tax, a credit equal to the sum of the alcohol fuel mixture credit plus the biodiesel mixture credit.