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• This item is from the 110th Congress (2007-2008) and is no longer current.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.

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

Detailed Summary

Remove Incentives for Producing Ethanol Act of 2008 or the RIPE Act of 2008 - Amends the Clean Air Act to repeal the renewable fuel standard.

Amends the Internal Revenue Code to terminate the excise tax credit for alcohol fuel mixtures and the income 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 mixture 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 Applies such treatment to goods entered, or withdrawn from warehouses for consumption, on or after the 15th day after this Act's enactment.

Status of the Legislation

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

Points in Favor

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Points Against

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