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S. 932

BillFederalSenateIn Committee
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act
About This Bill
Committee
Latest Action · April 29, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5487)
Congress
108th (2003–2005)
Introduced
April 29, 2003
Cosponsors (3)
0D 3R
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Summary

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Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act - Amends the Internal Revenue Code to provide a $250 business credit for each qualified commercial power takeoff vehicle (certain highway vehicles designed to deliver ready mixed concrete or collect refuse or recyclables) owned by a taxpayer at the end of the year. Stipulates that such credit shall not be available for a vehicle used during the year by a governmental entity or a tax-exempt organization.

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