S. 3025, The Flex Fuel for All Americans Act

• This item is from the 110th Congress (2007-2008) and is no longer current.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

Version saved on June 15, 2008, 20:08:06, by webmaster:

S. 3025 would amend the Internal Revenue Code of 1986 to allow a credit against tax for the purchase of a flexible fuel vehicle.

Detailed Summary

Flex Fuel for All Americans Act - Amends the Internal Revenue Code to allow a tax credit for the purchase of a new qualified flexible fuel motor vehicle and an additional credit for the purchase of an optimum flexible fuel vehicle . Defines "new qualified flexible fuel motor vehicle" as any motor vehicle which is capable of operating on blends of gasoline, ethanol, methanol, diesel, and biodiesel fuel and "optimum flexible fuel vehicle" as a flexible fuel vehicle certified by the Environmental Protection Agency (EPA) to achieve certain higher levels of fuel efficiency.

Status of the Legislation

Latest Major Action: 5/15/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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