US SB271 | 2009-2010 | 111th Congress
Status
Sponsorship: Moderate Partisan Bill (Democrat 10-2)
Status: Introduced on January 15 2009 - 25% progression, died in chamber
Action: 2009-01-15 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2009 - 25% progression, died in chamber
Action: 2009-01-15 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
Summary
Fuel Reduction using Electrons to End Dependence on the Mid-East (FREEDOM) Act of 2009 - Amends the Internal Revenue Code to: (1) allow an election to expense the cost of manufacturing property for producing plug-in electric drive motor vehicles and components; (2) increase the number of such vehicles eligible for a tax credit; (3) allow a five-year recovery period for the depreciation of smart meters and smart grid systems; and (4) increase the rate of the tax credit for alternative fuel vehicle refueling property and the maximum credit amount for commercial refueling property.
Title
Fuel Reduction using Electrons to End Dependence on the Mid-East (FREEDOM) Act of 2009
Sponsors
| Sen. Lamar Alexander [R-TN] | Sen. Barbara Boxer [D-CA] | Sen. Maria Cantwell [D-WA] | Sen. Tom Harkin [D-IA] |
| Sen. Orrin Hatch [R-UT] | Sen. John Kerry [D-MA] | Sen. Robert Menendez [D-NJ] | Sen. Bill Nelson [D-FL] |
| Sen. Jack Reed [D-RI] | Sen. Debbie Stabenow [D-MI] | Sen. Jon Tester [D-MT] | Sen. Sheldon Whitehouse [D-RI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-15 | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB320 (Related) 2009-01-26 - Read twice and referred to the Committee on Finance.
Subjects
Alternative and renewable resources
Business investment and capital
Electric power generation and transmission
Hybrid, electric, and advanced technology vehicles
Income tax credits
Income tax deductions
Manufacturing
Motor fuels
Motor vehicles
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/271/all-info |
| Text | https://www.congress.gov/111/bills/s271/BILLS-111s271is.pdf |
