H.R. 2767 would amend the Internal Revenue Code of 1986 to provide a nonrefundable credit for the purchase of energy efficient tires.
Detailed Summary
Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable tax credit for the purchase of tires certified by the Department of Transportation as energy efficient.
Requires the Secretary of Transportation to establish a system for the permanent labeling of tires as energy efficient.
Status of the Legislation
Latest Major Action: 6/18/2007: Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Points in Favor
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Points Against
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