HR 1438 · 107th Congress · Taxation
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2001-04-04)
Plain Language Summary
[AI summary unavailable — showing source text]
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act - Amends the Internal Revenue Code to provide a $250 credit for each qualified commercial power takeoff vehicle (certain highway vehicles designed to deliver ready mixed concrete or collect refuse or recyclables) owned by a taxpayer at the end of the year. Stipulates that such credit shall not be available for a vehicle used during the year by a governmental entity or a tax-exempt organization.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
2 Democrats18 Republicans