U.S. Congress - H.R.6804 Families and Small Business Energy Tax Relief Act of 2008
H.R.6804 - Families and Small Business Energy Tax Relief Act of 2008
To amend the Internal Revenue Code of 1986 to allow individuals a temporary refundable credit for the cost of natural gas, home heating oil, and propane, to allow small businesses, farmers, and fishermen a credit for motor and other fuel costs, and to increase the credit for nonbusiness energy property and make it permanent, and for other purposes. view all titles (2)
All Bill Titles
- Short: Families and Small Business Energy Tax Relief Act of 2008 as introduced.
- Official: To amend the Internal Revenue Code of 1986 to allow individuals a temporary refundable credit for the cost of natural gas, home heating oil, and propane, to allow small businesses, farmers, and fishermen a credit for motor and other fuel costs, and to increase the credit for nonbusiness energy property and make it permanent, and for other purposes. as introduced.
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Official Summary
8/1/2008--Introduced.Families and Small Business Energy Tax Relief Act of 2008 - Amends the Internal Revenue Code to allow an individual taxpayer an income-based refundable tax credit for the lesser of 50% of such taxpayer's residential energy costs for a taxable year or $750 ($1,500Official Summary
8/1/2008--Introduced.Families and Small Business Energy Tax Relief Act of 2008 - Amends the Internal Revenue Code to allow an individual taxpayer an income-based refundable tax credit for the lesser of 50% of such taxpayer's residential energy costs for a taxable year or $750 ($1,500 for married taxpayers filing jointly). Defines "residential energy costs" as amounts paid in 2008 or 2009:
(1) to any utility for natural gas used in the taxpayer's principal residence during the heating season (September through March); and
(2) for heating oil or propane.
Allows a certain small farming or commercial fishing businesses (gross receipts of not more than $20 million) a tax credit for up to 15% of amounts paid in 2008 or 2009 for gasoline, diesel fuel, heating oil, propane, and natural gas.
Increases and makes permanent the tax credit for nonbusiness energy property expenditures.
Amends the Low-Income Home Energy Assistance Act of 1981 to authorize additional appropriations for outreach activities to inform eligible households of available energy-related assistance and for residential weatherization and repair activities for low-income households.
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Recent Blog Coverage
OpenCongress - U.S. Congress - S.3561 Home Energy Affordability ...
Related Bills:. H.R.6321 · H.R.6784 · H.R.6804. Data from the Congressional Research Service. Show More User Statistics... Hide User Statistics. In the News feed. We are not currently finding any news articles on this topic using our ...
NEON: NEFI Energy Online News
Courtney (D-CT) and Murphy (D-CT), the Families and Small Business Energy Tax Relief Act (H.R. 6804) which would provide a temporary credit of 50 percent of residential energy costs, up to $750 for individuals and $1500 for joint return ...
WashingtonWatch.com - H.R. 6804, The Families and Small Business ...
US Congress: HR 6804, The Families and Small Business Energy Tax Relief Act of 2008.
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