H.R. 6269 · 110th Congress
American Commercial Ethanol Fairness Act of 2008
- Stage
- In committee
- Sponsor
- Tim Walberg
- Introduced
- 2008-06-12
- Latest action
- 2008-06-12 · Introduced in House
Summary
American Commercial Ethanol Fairness Act of 2008- Amends the Internal Revenue Code to expand the tax credit for alcohol used as fuel to include ethanol used in tetra ethyl ortho silicate (TEOS) production. Allows taxpayers a credit for 45 cents per gallon of alcohol which is ethanol used in the production of TEOS. Requires that the TEOS be manufactured in the United States and sold in a trade or business of the taxpayer.