3.0.0 2816 2023-01-13T04:48:18Z 2023-01-13T04:48:18Z Senate S S 2006-05-16 109 ssfi00 Finance Committee Senate Standing Referred to 2006-05-16T22:59:16Z 2006-05-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-05-16 Sponsor introductory remarks on measure. (CR S4624) IntroReferral B00100 9 Library of Congress 2006-05-16 Introduced in Senate IntroReferral 10000 9 Library of Congress H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD N L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN 2006-05-16 True J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2006-05-16 True D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE 2006-05-16 True B000444 Sen. Biden, Joseph R., Jr. [D-DE] JOSEPH BIDEN D DE ROBINETTE 2006-05-16 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2006-05-25 False 2006-06-06 Taxation Alcohol as fuel Commerce Energy Fuel consumption Income tax Motor vehicles Petroleum industry Service stations Small business Tax credits Transportation and Public Works Taxation 00 2006-05-16 Introduced in Senate 2006-06-03T16:06:08Z Biofuels Security Tax Act of 2006 - Amends the Internal Revenue Code to allow until 2017 a tax credit for flexible fuel vehicles. Defines "flexible fuel vehicle" as a motor vehicle which can operate on both gasoline and a blend of 85% ethanol and which is certified as having the same or better fuel economy rating when operating on 85% ethanol or on gasoline only.

Extends until 2017 the tax credit for alternative fuel vehicle refueling property (service stations for dispensing alternative motor fuels to retail consumers). Increases the rate of such credit to 50% for all taxpayers and to 75% for taxpayers who place in service not more than five such refueling properties. Denies such credit to major oil companies (companies having at least 4,500 retail service stations).

]]> Biofuels Security Tax Act of 2006 Display Title Biofuels Security Tax Act of 2006 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide an income tax credit for the manufacture of flexible fuel motor vehicles and to extend and increase the income tax credit for alternative fuel refueling property, and for other purposes. Introduced in Senate IS Short Titles as Introduced Biofuels Security Tax Act of 2006 Introduced in Senate 2006-05-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s2816is/xml/BILLS-109s2816is.xml 2006-05-16 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.