To amend the Internal Revenue Code of 1986 to allow a deduction for flexible fuel vehicles.

Summary

Amends the Internal Revenue Code to allow a tax deduction for the cost of any qualified flexible fuel vehicle. Defines "qualified flexible fuel vehicle" as a motor vehicle that can use each of the following: (1) gasoline; (2) one or more fuels at least 85 percent of which is methanol, ethanol, any other alcohol, and/or ether; and (3) any combination of gasoline and one or more of such fuels. Terminates such deduction after 2010.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 July 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 13 July 2005

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• Introduced in House

  summary · EN · 13 July 2005

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