US Congress Senate Bill 884 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on May 4 2011 - 25% progression, died in committee
Action: 2011-05-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Domestic Energy Promotion Act of 2011 - Amends the Internal Revenue Code to: (1) reduce the volumetric ethanol excise tax credit (VEETC) to 20 cents per gallon in 2012 and 15 cents per gallon in 2013; (2) link the amount of such credit to the price of crude oil for calendar quarters beginning after 2013; (3) modify the rates of the income tax credit for alcohol used as fuel and extend such credit through 2016; and (4) extend through 2016 the alternative fuel refueling property tax credit, the cellulosic producers' tax credit, and the special depreciation allowance for cellulosic biofuel plant property. Amends the Harmonized Tariff Schedule of the United States to reduce by specified amounts through 2016 the additional duties on ethyl alcohol blends (ethanol) used as fuel.

Domestic Energy Promotion Act of 2011

Sen. Chuck Grassley [R-IA]	Sen. Kent Conrad [D-ND]	Sen. Al Franken [D-MN]	Sen. Tom Harkin [D-IA]
Sen. Mike Johanns [R-NE]	Sen. Tim Johnson [D-SD]	Sen. Amy Klobuchar [D-MN]	Sen. Benjamin Nelson [D-NE]

Date	Chamber	Action
2011-05-04	Senate	Read twice and referred to the Committee on Finance.
2011-05-04	Senate	Sponsor introductory remarks on measure. (CR S2688)

SB1185 (Related) 2011-06-13 - Read twice and referred to the Committee on Finance.
SB1220 (Related) 2011-06-16 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/884/all-info
Text	https://www.congress.gov/112/bills/s884/BILLS-112s884is.pdf