3.0.0 162 2023-01-11T20:06:29Z 2023-01-11T20:06:29Z Senate S S 2007-01-04 110 ssfi00 Finance Committee Senate Standing Referred to 2007-01-04T23:12:12Z 2007-01-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-01-04 Introduced in Senate IntroReferral 10000 9 Library of Congress L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN N Energy Administrative procedure Agriculture and Food Alcohol as fuel Alternative energy sources Armed Forces and National Security Automobile industry Automobiles Cartels Commerce Commercialization Congress Congressional reporting requirements Consumer education Cost effectiveness Department of Energy Depreciation and amortization Economic growth Economics and Public Finance Electric vehicles Energy conservation Energy demand Energy efficiency Energy security Energy supplies Environmental Protection Excise tax Farms Federal installations Finance and Financial Sector Foreign Trade and International Finance Fuel consumption General Services Administration Government Operations and Politics Government publicity Government vehicles Governmental investigations Heating Housing and Community Development Imports Income tax International Affairs Internet Labeling Law Motor vehicle pollution control Natural gas vehicles Petroleum Petroleum industry Petroleum refineries Recycling of waste products Refuse as fuel Research and development Science, Technology, Communications Service stations Standards Tax credits Tax deductions Taxation Technological innovations Terrorism Transportation and Public Works Transportation research Trucks Web sites Energy 00 2007-01-04 Introduced in Senate 2007-03-22T19:24:09Z National Fuels Initiative - Amends the Internal Revenue Code to modify the alcohol fuels tax credit and the alternative fuel tax credit by calculating such rates based on a formula related to the average price of a barrel of oil. Sets tax credit rates for alcohol fuels, qualified alcohol fuel mixtures, and alternative fuels sold or used before January 1, 2011.

Extends such credits. Sets forth sunset provisions terminating the small ethanol producer tax credit.

Amends the Clean Air Act to require the Secretary of Energy to promulgate regulations to ensure that each major oil company that sells gasoline in the United States through wholly-owned or branded stations provides pumps that dispense E-85 fuel at not less than a specified graduated percentage of all of its stations.

Amends federal transportation law to require manufacturers of new automobiles that can operate on gasoline or diesel fuel to manufacture such automobiles by increasing percentages after model year 2007.

Revises the definition of automobile to require including all automobiles up to 10,000 pounds (currently, not all automobiles up to 10,000 pounds are required to be included in the definition). Continues applying the current minimum corporate average fuel economy (CAFE) standards for non-passenger and passenger automobiles to automobiles manufactured through model year 2011, but, for passenger automobiles, adds an increase of four percent per year in such standard for model years 2009 through 2011.

Requires an average fuel economy standard of 27.5 miles per gallon for all automobiles manufactured by all manufacturers for model year 2012, with an increase of four percent in the average fuel economy from the level for the prior model year for model year 2013 and beyond.

Requires the average fuel economy standard in a model year for a manufacturer's domestic and foreign fleetwide passenger automobiles under calculation of average fuel economy provisions to be at least 92% of the average fuel economy projected by the Secretary for the combined domestic and foreign fleets manufactured by all manufacturers in that model year.

Permits lower fuel economy standards if they are: (1) technologically unachievable; (2) materially reduce auto safety; or (3) not cost effective.

Amends the Internal Revenue Code to: (1) terminate the limitation on the number of new qualified hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle credit; and (2) allow an advanced technology motor vehicles manufacturing credit.

Sets forth certain requirements regarding the collecting, re-refining, reusing, and labeling of used oil.

Extends the period a taxpayer may elect to deduct 50% of the expense costs of a qualified refinery property that processes non-virgin lube oil from used, refined oil.

Allows a tax credit for re-refined lubricating oil feedstock.

]]> National Fuels Initiative Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to modify the alcohol credit and the alternative fuel credit, to amend the Clean Air Act to promote the installation of fuel pumps for E-85 fuel, to amend title 49 of the United States Code to require the manufacture of dual fueled automobiles, and for other purposes. Introduced in Senate IS Display Title National Fuels Initiative Short Titles as Introduced National Fuels Initiative Introduced in Senate 2007-01-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s162is/xml/BILLS-110s162is.xml 2007-01-04 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.