Alcohol Fuel Act

Summary

Alcohol Fuel Act Act - Amends the Internal Revenue Code: (1) to allow the election of a deduction with respect to the amortization, based on a 60-month period, of any qualified facility producing alcohol from coal, wood, waste, or agricultural products for primary use as a motor fuel; (2) to exempt from specified excise taxes the sale of any gasoline or fuel at least ten percent of which is alcohol; and (3) to allow the tax-free withdrawal from bonded premises of distilled spirits to the extent such spirits are alcohol produced by a qualified alcohol-producing facility for primary use as motor fuel.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 June 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 22 June 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 June 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 22 June 1978

  Open at official source

Sponsors

• Rep. Emery, David F. [R-ME-1] · R · Sponsor
• Rep. Pattison, Edward W. [D-NY-29] · D · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Rep. Pritchard, Joel [R-WA-1] · R · Cosponsor
• Rep. Sebelius, Keith G. [R-KS-1] · R · Cosponsor
• Rep. Snyder, M. G. (Gene) [R-KY-4] · R · Cosponsor
• Rep. Vander Jagt, Guy [R-MI-9] · R · Cosponsor
• Rep. Whitehurst, G. William [R-VA-2] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Alcohol Fuel Act