3.0.0 1617 2023-01-12T17:52:48Z 2023-01-12T17:52:48Z Senate S S 2007-06-14 110 ssfi00 Finance Committee Senate Standing Referred to 2007-06-14T23:11:02Z 2007-06-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-06-14 Sponsor introductory remarks on measure. (CR S7733-7734) IntroReferral B00100 9 Library of Congress 2007-06-14 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2007-06-14 True O000167 Sen. Obama, Barack [D-IL] Barack Obama D IL 2007-06-14 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-06-14 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2007-06-14 True S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO 2007-06-14 True Taxation Automobile industry Commerce Electric batteries Electric utilities Electric vehicles Energy Environmental Protection Income tax Industrial buildings Motor vehicle pollution control Rebates Tax credits Tax deductions Transportation and Public Works Taxation 00 2007-06-14 Introduced in Senate 2007-07-19T22:04:46Z Fuel Reduction using Electrons to End Dependence On the Mid-East (FREEDOM) Act of 2007 - Amends the Internal Revenue Code to allow tax credits for: (1) the purchase of a new qualified plug-in electric drive motor vehicle; (2) the conversion of a motor vehicle to a plug-in electric drive vehicle; and (3) rebates paid by electric utilities to purchasers of or converters to plug-in electric drive vehicles. Defines "new qualified plug-in electric drive motor vehicle" as a motor vehicle which: (1) is powered by traction batteries with an aggregate capacity of not less than 2.5 kilowatt hours; (2) uses an offboard source of electricity to recharge batteries; and (3) has a certificate of conformity under the Clean Air Act.

Allows a taxpayer election to expense 100% of the cost of facilities for manufacturing plug-in electric drive motor vehicles (and vehicle components) placed in service before January 1, 2013. Reduces such percentage to 50% for facilities placed in service after 2012, and before January 1, 2015.

]]> Fuel Reduction using Electrons to End Dependence On the Mid-East (FREEDOM) Act of 2007 Display Title Fuel Reduction using Electrons to End Dependence On the Mid-East (FREEDOM) Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide incentives for plug-in electric drive motor vehicles. Introduced in Senate IS Short Titles as Introduced Fuel Reduction using Electrons to End Dependence On the Mid-East (FREEDOM) Act of 2007 Introduced in Senate 2007-06-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1617is/xml/BILLS-110s1617is.xml 2007-06-14 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.