HR 2505 · 110th Congress · Taxation
E-85 PUMP Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, 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.(2007-05-24)
Plain Language Summary
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Promoting the Use of Mixed Petroleum Act or the E-85 PUMP Act - Amends the Internal Revenue Code to: (1) increase the rate of the tax credit for alternative fuel vehicle refueling property from 30 to 50%; (2) increase the limit on such credit for commercial properties to $50,000; and (3) extend such credit through 2014. Amends the Clayton Antitrust Act to make it an unlawful restriction of trade to prohibit a service station franchisee from installing alternative fuel vehicle refueling property.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (7)
6 Democrats1 Republican