Energy Freedom and Economic Prosperity Act

Summary

Energy Freedom and Economic Prosperity Act - Amends the Internal Revenue Code to repeal: (1) the excise tax credits for alcohol fuel, biodiesel, and alternative fuel mixtures; (2) the tax credits for the purchase of certain plug-in electric vehicles and alternative motor vehicles; (3) the alternative fuel vehicle refueling property tax credit; (4) the tax credits for alcohol used as fuel and for biodiesel and renewable diesel used as fuel; (5) the enhanced oil recovery tax credit and the tax credit for producing oil and gas from marginal wells; (6) the tax credit for carbon dioxide sequestration; (7) the energy tax credit; and (8) the tax credits for investment in qualifying advanced coal projects and qualifying gasification projects. Terminates after 2012 the tax credits for the production of electricity from certain renewable resources and from advanced nuclear power facilities. Repeals the grant program under the American Recovery and Reinvestment Act of 2009 for payments to invest in alternative and renewable energy property in lieu of tax credits. Directs the Secretary of the Treasury to prescribe a flat income tax rate for corporations, in lieu of the existing marginal tax rates, based upon the overall revenue savings from the repeal of energy tax subsidies by this Act.

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

Timeline

1. 2 November 2011

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 2 November 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 November 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 November 2011

   Referred

   Referred to the Subcommittee on Energy and Power.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 November 2011 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 November 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 November 2011

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 2 November 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Pompeo, Mike [R-KS-4] · R · Sponsor
• Rep. Labrador, Raul R. [R-ID-1] · R · Sponsor
• Rep. Ribble, Reid J. [R-WI-8] · R · Sponsor
• Sen. Flake, Jeff [R-AZ] · R · Sponsor
• Rep. Chaffetz, Jason [R-UT-3] · R · Cosponsor
• Rep. Broun, Paul C. [R-GA-10] · R · Cosponsor
• Rep. West, Allen B. [R-FL-22] · R · Cosponsor
• Rep. Huelskamp, Tim [R-KS-1] · R · Cosponsor
• David Schweikert · R · Cosponsor
• Tom McClintock · R · Cosponsor
• Rep. Royce, Edward R. [R-CA-39] · R · Cosponsor
• Rep. Ryan, Paul [R-WI-1] · R · Cosponsor
• Rep. Duffy, Sean P. [R-WI-7] · R · Cosponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Cosponsor
• Rep. Ross, Dennis A. [R-FL-15] · R · Cosponsor
• Rep. Gowdy, Trey [R-SC-4] · R · Cosponsor
• Rep. Walsh, Joe [R-IL-8] · R · Cosponsor
• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Cosponsor
• Rep. Amash, Justin [R-MI-3] · R · Cosponsor
• Rep. Franks, Trent [R-AZ-8] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Adams, Sandy [R-FL-24] · R · Cosponsor
• Rep. Quayle, Benjamin [R-AZ-3] · R · Cosponsor
• Rep. Mulvaney, Mick [R-SC-5] · R · Cosponsor
• Rep. Graves, Tom [R-GA-14] · R · Cosponsor
• Rep. Culberson, John Abney [R-TX-7] · R · Cosponsor
• Sen. Scott, Tim [R-SC] · R · Cosponsor
• Rep. Gosar, Paul A. [R-AZ-9] · R · Cosponsor
• Marlin Stutzman · R · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• · hsif00 · Standing
• · hswm00 · Standing

Related records

• related to ← Energy Freedom and Economic Prosperity Act