U.S. Congress - H.R.6324 Imported Ethanol Facilitation Act
H.R.6324 - Imported Ethanol Facilitation Act
To facilitate the importation of ethanol. view all titles (2)
All Bill Titles
- Official: To facilitate the importation of ethanol. as introduced.
- Short: Imported Ethanol Facilitation Act as introduced.
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Official Summary
6/19/2008--Introduced.Imported Ethanol Facilitation Act - Requires the President to: (1) reduce the temporary duty imposed on imported ethanol under the Harmonized Tariff Schedule of the United States by an amount equal to the reduction in any federal income or excise tax credit under theOfficial Summary
6/19/2008--Introduced.Imported Ethanol Facilitation Act - Requires the President to:
(1) reduce the temporary duty imposed on imported ethanol under the Harmonized Tariff Schedule of the United States by an amount equal to the reduction in any federal income or excise tax credit under the Internal Revenue Code for alcohol and ethanol blends used as fuel that occurs on or after January 1, 2009; and
(2) take other necessary actions to ensure that the temporary duty imposed on imported ethanol does not exceed any federal income or excise tax credit applicable to ethanol. Directs the Secretary of Energy and the Secretary of Commerce to report to Congress on the effects of the further reduction or elimination of the duty on ethanol (resulting in increased imports) on:
(1) U.S. fuel prices and U.S. supplies; and
(2) domestic production of ethanol.
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Recent Blog Coverage
brazilian sugarcane industry urges us congress to reduce the ...
the legislation is now in the hands of the senate committee on finance. rep. mark udall (d-colo.) introduced similar legislation, hr 6324, on june 19; that bill has been referred to the house committee on ways and means. ...
A âHow Toâ On Passing Energy Legislation (Part III of IV)
This price disparity acts as a deterrent, albeit a small one, to using imported ethanol and possibly reducing Americaâs dependence on foreign oil (See HR 6324 Sec. 3). The compromise bill should not contain any âProject Labor ...
WashingtonWatch.com - H.R. 6324, The Imported Ethanol Facilitation Act
US Congress: HR 6324, The Imported Ethanol Facilitation Act.
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