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H.R. 652

BillFederalHouseIn Committee
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act of 2005
About This Bill
Committee
Latest Action · February 8, 2005
Referred to the House Committee on Ways and Means.
Congress
109th (2005–2007)
Introduced
February 8, 2005
Cosponsors (56)
13D 43R
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Summary

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Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act of 2005 - Amends the Internal Revenue Code to provide a $250 business tax 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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