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H.R. 5911, The Remove Incentives for Producing Ethanol Act of 2008

  • This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Comparing revision saved on June 28, 2008, 19:32:37 (webmaster), with revision saved on August 15, 2008, 19:33:40 (webmaster):

H.R. 5911 would repeal certain incentives and subsidies for renewable fuels.

== Detailed Summary ==

<summary>
(Log inRemove Incentives for Producing Ethanol Act of 2008 or the RIPE Act of 2008 - Amends the Clean Air Act to editrepeal the wikirenewable fuel standard.

Amends the Internal Revenue Code to terminate the excise tax credit for alcohol fuel mixtures
and be the firstincome tax credit for alcohol used as fuel.

Amends the Harmonized Tariff Schedule of the United States
to provide for the duty free treatment for ethyl alcohol or a detailed summary ofmixture containing ethyl alcohol if it is to be used as fuel. Applies such treatment to goods entered, or withdrawn from warehouses for consumption, on or after the bill!)15th day after this Act's enactment.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 4/30/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Energy and Air Quality.
</status>

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== Points in Favor ==

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== Points Against ==

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NK

June 11, 2008, 11:09am (report abuse)

Arguments in support of this bill:

http://www.heritage.org/Research/EnergyandEnvironment/wm1925.cfm

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