H.R. 6269, The American Commercial Ethanol Fairness 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- This item is from the 110th Congress (2007-2008) and is no longer current.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. 6269 would amend the Internal Revenue Code of 1986 to allow a credit against income tax for the use of ethanol in tetra ethyl ortho silicate (TEOS) production.
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.
Status of the Legislation
Latest Major Action: 6/12/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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