US HB2231 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on June 16 2011 - 25% progression, died in committee
Action: 2011-06-16 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 16 2011 - 25% progression, died in committee
Action: 2011-06-16 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Ethanol Modernization and Deficit Reduction Act - Amends the Internal Revenue Code to advance the termination date of the income and excise tax credits for ethanol from December 31, 2011, to June 30, 2011; (2) extend the tax credit for alternative fuel vehicle refueling property expenditures and the cellulosic biofuel producer tax credit; (3) extend the bonus depreciation allowance for cellulosic biofuel plant property; and (4) revise the definition of cellulosic biofuel for purposes of the cellulosic biofuel producer tax credit. Exempts the budgetary effects of this Act from PAYGO scorecard requirements under the Statutory Pay-As-You-Go Act of 2010.
Title
Ethanol Modernization and Deficit Reduction Act
Sponsors
Rep. Kristi Noem [R-SD] | Rep. Rick Berg [R-ND] | Rep. Aaron Schock [R-IL] |
History
Date | Chamber | Action |
---|---|---|
2011-06-16 | House | Referred to House Budget |
2011-06-16 | House | Referred to House Ways and Means |
2011-06-16 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Same As/Similar To
SB1185 (Related) 2011-06-13 - Read twice and referred to the Committee on Finance.
SB1220 (Related) 2011-06-16 - Read twice and referred to the Committee on Finance.
SB1220 (Related) 2011-06-16 - Read twice and referred to the Committee on Finance.
Subjects
Alternative and renewable resources
Business investment and capital
Income tax credits
Income tax deductions
Motor fuels
Oil and gas
Sales and excise taxes
Taxation
Business investment and capital
Income tax credits
Income tax deductions
Motor fuels
Oil and gas
Sales and excise taxes
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/2231/all-info |
Text | https://www.congress.gov/112/bills/hr2231/BILLS-112hr2231ih.pdf |