S. 1077 · 109th Congress
A bill to amend the Internal Revenue Code of 1986 to provide a renewable liquid fuels tax credit, and for other purposes.
- Stage
- In committee
- Sponsor
- Blanche Lincoln
- Introduced
- 2005-05-19
- Latest action
- 2005-05-19 · Introduced in Senate
Summary
Amends the Internal Revenue Code to allow: (1) a tax credit against the gasoline excise tax for renewable liquid fuels; and (2) a business tax credit for renewable liquid used as fuel. Defines "renewable liquid" as liquid hydrocarbons derived from certain waste and byproduct streams. Terminates such credits after 2010.