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HR 259 - 113

Energy Freedom and Economic Prosperity Act

Referred to the House Committee on Ways and Means.

Bill highlights

Votes, text signals, source context, and latest movement from this record.

Bill Text Stats

35
Analyzed sections
N/A
Detected dollar total
10
Tax signals
15
Deadlines

Signal counts

Tax density 28.6%
Spending density 0.0%
Amendments 37
Deadline 15
Tax 10
Agency 1

Top agencies

Secretary of the Treasury shall prescribe a 1

Statutory references

N/A

House Votes

No House roll call votes have been linked to this bill yet.

Timeline

Jan 15, 2013

Introduced in House

Jan 15, 2013

Introduced in House

Jan 15, 2013

Referred to the House Committee on Ways and Means.

Affected Sectors

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Finance and banking
35 evidence matches
Impact 100% Confidence 80%

Secretary of the Treasury secretary of the treasury

Secretary of the Treasury shall prescribe a secretary of the treasury shall prescribe a

Secretary of the Treasury CB93BCFD5FCF4A" (a) In general Not later than 1 year after the date of the enactment of this Act, the Secretary of the Treasury shall prescribe

Energy
22 evidence matches
Impact 100% Confidence 80%

is amended by section 45Q(d) is amended by inserting (as in effect on the day before the date of the enactment of the Energy Freedom and Economic Prosperity Act) after section 43(c)(2)

y-inline="yes-display-inline" Subsection (d) of section 45 is amended by striking January 1, 2014 in paragraph (1) and inserting the date of the enactment of the Energy Freedom and Economic Prosperity Act. /tex

ended by striking January 1, 2014 in paragraph (1) and inserting the date of the enactment of the Energy Freedom and Economic Prosperity Act. subsection id="H65653D5029CD400CAC9E82C5978A606

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Summary

00 Introduced in House Feb 12, 2013

Energy Freedom and Economic Prosperity Act - Amends the Internal Revenue Code to repeal: (1) the excise tax credits for alcohol fuel, biodiesel, and alternative fuel mixtures; (2) the tax credits for the purchase of alternative motor vehicles and new qualified plug-in electric drive motor vehicles; (3) the alternative fuel vehicle refueling property tax credit; (4) the income tax credits for alcohol, biodiesel, and renewable diesel used as fuel; (5) the enhanced oil recovery tax credit and the tax credit for producing oil and gas from marginal wells; (6) the tax credits for producing electricity from renewable resources and from advanced nuclear power facilities; (7) the tax credit for carbon dioxide sequestration; (8) the energy tax credit; and (9) the tax credits for investment in qualifying advanced coal projects and qualifying gasification projects. Directs the Secretary of the Treasury to prescribe a flat income tax rate for corporations, in lieu of the existing marginal tax rates, based upon the overall revenue savings from the repeal of energy tax expenditures by this Act.

Sponsors

Pompeo, Mike
Sponsor

Pompeo, Mike

Republican · KS-4 · P000602

Joined Jan 15, 2013
Website
N/A
Phone
N/A
Office
N/A

Amendments

No amendment records are currently available for this bill.
Compiled bill record. Bill pages combine Congress.gov source payloads, normalized relationships, cached text analysis, vote links, and deterministic sector/signal extraction. This is not an official government record or legal advice; use the official source link when accuracy matters.