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S. 1077

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to provide a renewable liquid fuels tax credit, and for other purposes.
About This Bill
Committee
Latest Action · May 19, 2005
Read twice and referred to the Committee on Finance.
Congress
109th (2005–2007)
Introduced
May 19, 2005
Cosponsors (2)
0D 2R
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Summary

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Amends the Internal Revenue Code to allow: (1) a tax credit against the gasoline excise tax for renewable liquid fuels; and (2) a business tax credit for renewable liquid used as fuel. Defines "renewable liquid" as liquid hydrocarbons derived from certain waste and byproduct streams. Terminates such credits after 2010.

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