US Congress House Bill 3308 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 29)
Status: Introduced on November 2 2011 - 25% progression, died in committee
Action: 2011-11-04 - Referred to the Subcommittee on Energy and Power.
Pending: House Subcommittee on Energy and Power Committee
Text: Latest bill text (Introduced) [PDF]

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 certain plug-in electric vehicles and alternative motor vehicles; (3) the alternative fuel vehicle refueling property tax credit; (4) the tax credits for alcohol used as fuel and for 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 credit for carbon dioxide sequestration; (7) the energy tax credit; and (8) the tax credits for investment in qualifying advanced coal projects and qualifying gasification projects. Terminates after 2012 the tax credits for the production of electricity from certain renewable resources and from advanced nuclear power facilities. Repeals the grant program under the American Recovery and Reinvestment Act of 2009 for payments to invest in alternative and renewable energy property in lieu of tax credits. 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 subsidies by this Act.

Energy Freedom and Economic Prosperity Act

Rep. Mike Pompeo [R-KS]	Rep. Sandy Adams [R-FL]	Rep. Justin Amash [R-MI]	Rep. Paul Broun [R-GA]
Rep. Jason Chaffetz [R-UT]	Rep. Sean Duffy [R-WI]	Rep. Jeff Duncan [R-SC]	Sen. Jeff Flake [R-AZ]
Rep. Trent Franks [R-AZ]	Rep. Paul Gosar [R-AZ]	Rep. Trey Gowdy [R-SC]	Rep. Tom Graves [R-GA]
Rep. Tim Huelskamp [R-KS]	Rep. Raul Labrador [R-ID]	Rep. Tom McClintock [R-CA]	Rep. Jeff Miller [R-FL]
Rep. Mick Mulvaney [R-SC]	Rep. Benjamin Quayle [R-AZ]	Rep. Reid Ribble [R-WI]	Rep. Dennis Ross [R-FL]
Rep. Edward Royce [R-CA]	Rep. Paul Ryan [R-WI]	Rep. David Schweikert [R-AZ]	Sen. Tim Scott [R-SC]
Rep. Marlin Stutzman [R-IN]	Rep. Joe Walsh [R-IL]	Rep. Allen West [R-FL]	Rep. Lynn Westmoreland [R-GA]
Rep. Joe Wilson [R-SC]

Date	Chamber	Action
2011-11-04	House	Referred to the Subcommittee on Energy and Power.
2011-11-02	House	Referred to House Energy and Commerce
2011-11-02	House	Referred to House Ways and Means
2011-11-02	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

SB2064 (Related) 2012-02-06 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 309.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3308/all-info
Text	https://www.congress.gov/112/bills/hr3308/BILLS-112hr3308ih.pdf