S. 932 · 108th Congress
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act
- Stage
- In committee
- Sponsor
- John Breaux
- Introduced
- 2003-04-29
- Latest action
- 2003-04-29 · Read twice and referred to the Committee on Finance.
Summary
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act - Amends the Internal Revenue Code to provide a $250 business credit for each qualified commercial power takeoff vehicle (certain highway vehicles designed to deliver ready mixed concrete or collect refuse or recyclables) owned by a taxpayer at the end of the year. Stipulates that such credit shall not be available for a vehicle used during the year by a governmental entity or a tax-exempt organization.