3.0.0 884 2022-02-03T06:02:54Z 2022-02-03T06:02:54Z Senate S S 2011-05-04 112 ssfi00 Finance Committee Senate Standing Referred to 2011-05-04T20:06:37Z Ethanol Reform and Deficit Reduction Act 112 1185 S 2011-06-13 Read twice and referred to the Committee on Finance. Related bill CRS Fulfilling U.S. Energy Leadership Act of 2011 112 1220 S 2011-06-16 Read twice and referred to the Committee on Finance. Related bill CRS 2011-05-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-05-04 Sponsor introductory remarks on measure. (CR S2688) IntroReferral B00100 9 Library of Congress 2011-05-04 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2011-05-04 True J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2011-05-04 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2011-05-04 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2011-05-04 True J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2011-05-04 True H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2011-05-04 True N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin 2011-05-04 True Taxation Alternative and renewable resources Business investment and capital Energy prices Income tax credits Income tax deductions Motor fuels Oil and gas Sales and excise taxes Tariffs Taxation 00 2011-05-04 Introduced in Senate 2011-07-06T18:37:32Z Domestic Energy Promotion Act of 2011 - Amends the Internal Revenue Code to: (1) reduce the volumetric ethanol excise tax credit (VEETC) to 20 cents per gallon in 2012 and 15 cents per gallon in 2013; (2) link the amount of such credit to the price of crude oil for calendar quarters beginning after 2013; (3) modify the rates of the income tax credit for alcohol used as fuel and extend such credit through 2016; and (4) extend through 2016 the alternative fuel refueling property tax credit, the cellulosic producers' tax credit, and the special depreciation allowance for cellulosic biofuel plant property.

Amends the Harmonized Tariff Schedule of the United States to reduce by specified amounts through 2016 the additional duties on ethyl alcohol blends (ethanol) used as fuel.

]]> Domestic Energy Promotion Act of 2011 Short Titles as Introduced Domestic Energy Promotion Act of 2011 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for a variable VEETC rate based on the price of crude oil, and for other purposes. Display Title Domestic Energy Promotion Act of 2011 Introduced in Senate 2011-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s884is/xml/BILLS-112s884is.xml 2011-05-04 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.