HR 6269 · 110th Congress · Taxation
American Commercial Ethanol Fairness Act of 2008
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2008-06-12)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only