3.0.0 2279 2023-01-11T13:26:23Z 2023-01-11T13:26:23Z Senate S S 2014-05-01 113 ssfi00 Finance Committee Senate Standing Referred to 2014-05-01T19:23:38Z Energy Freedom and Economic Prosperity Act 113 259 HR 2013-01-15 Referred to the House Committee on Ways and Means. Related bill CRS New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013 113 1569 HR 2013-04-15 Referred to the House Committee on Ways and Means. Related bill CRS EXPAND Act 113 3895 HR 2014-06-20 Referred to the Subcommittee on Readiness. Related bill CRS 2014-05-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-05-01 Introduced in Senate IntroReferral 10000 9 Library of Congress L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT N T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2014-05-15 False Taxation Air quality Alternative and renewable resources Climate change and greenhouse gases Coal Corporate finance and management Electric power generation and transmission Hybrid, electric, and advanced technology vehicles Income tax credits Income tax rates Motor fuels Nuclear power Oil and gas Sales and excise taxes Taxation 00 2014-05-01 Introduced in Senate 2014-06-26T19:00:48Z Energy Freedom and Economic Prosperity Act of 2014 - Amends the Internal Revenue Code to repeal tax credits for: (1) alcohol fuel, biodiesel, and alternative fuel mixtures; (2) alternative motor vehicles; (3) new qualified plug-in electric drive motor vehicles; (4) alcohol used as fuel; (5) enhanced oil recovery; (6) producing oil and gas from marginal wells; (7) producing electricity from advanced nuclear power facilities; (8) carbon dioxide sequestration; (9) investment in energy property; and (10) investment in qualifying advanced coal projects, qualifying gasification projects, and qualifying advanced energy projects.

Directs the Secretary of the Treasury to revise the income tax rates for corporations based upon the overall revenue savings from the repeal of the energy tax expenditures by this Act and ensure that each revised rate is reduced by a uniform percentage.

]]> Energy Freedom and Economic Prosperity Act of 2014 Display Title Energy Freedom and Economic Prosperity Act of 2014 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate. Introduced in Senate IS Short Titles as Introduced Energy Freedom and Economic Prosperity Act of 2014 Introduced in Senate 2014-05-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2279is/xml/BILLS-113s2279is.xml 2014-05-01 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.