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H.R. 6222, The Working Families Gas Tax Credit 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- This item is from the 110th Congress (2007-2008) and is no longer current.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 original version (created by webmaster) with revision saved on July 22, 2008, 19:31:51 (webmaster):
H.R. 6222 would amend the Internal Revenue Code of 1986 to allow a nonrefundable credit against income tax liability for gasoline and diesel fuel used in highway vehicles for nonbusiness purposes.
== Detailed Summary ==
<summary>
(Log inWorking Families Gas Tax Credit Act of 2008 - Amends the Internal Revenue Code to editallow a tax credit for up to $500 ($1,000 in the wikicase of a joint return) of the cost of gasoline and bediesel used in highway vehicles for a nonbusiness purpose when the first to provideincrease in the price of a detailed summarygallon of gasoline exceeds the bill!)annual inflation rate by not less than 300%. Phases out the amount of such credit for taxpayers with adjusted gross incomes exceeding $75,000 ($150,000 in the case of a joint return).
</summary>
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== Status of the Legislation ==
<status>
(Log inLatest Major Action: 6/10/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>
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== Points in Favor ==
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== Points Against ==
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