Working Families Gas Tax Credit Act of 2005

Summary

Working Families Gas Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow a nonrefundable tax credit for gasoline, diesel fuel, or kerosene used in highway vehicles for nonbusiness purposes. Limits the amount of such credit to $250 annually ($500 for joint returns). Reduces the allowable credit amount for taxpayers with modified adjusted gross incomes over $25,000 ($50,000 for joint returns). Allows the credit only in taxable years when the Secretary of the Treasury determines that the percentage change in the price of a gallon of gasoline is at least 200 percent of the change in the inflation rate for such year.

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Timeline

1. 14 June 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 June 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E1227)

   Source: IntroReferral

3. 14 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 June 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 June 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 June 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 June 2005

  Open at official source

Sponsors

• ALCEE HASTINGS · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Rep. Berman, Howard L. [D-CA-26] · D · Cosponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Cosponsor
• · hswm00 · Standing

Related records

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