Common Sense Automobile Efficiency Act of 2004

Summary

Common Sense Automobile Efficiency Act of 2004 - Amends the Internal Revenue Code to repeal the phaseouts of the tax credit for qualified electric vehicles and of the tax deduction for clean-fuel vehicles. Allows a tax credit for investment in certain alternative motor vehicles, including fuel cell vehicles, advanced lean burn technology motor vehicles, hybrid motor vehicles, and alternative fuel motor vehicles. Sets forth formulae for determining the amount of such credit based on various factors, including vehicle weight and fuel efficiency ratings. Allows a tax-exempt cooperative organization to elect to apportion amounts of the small ethanol producer tax credit among its patrons on a pro rata basis. Increases from 30 to 60 million gallons the maximum productive capacity allowed to eligible small ethanol producers for purposes of qualifying for the tax credit. Allows a tax credit for biodiesel used as fuel. Allows a tax credit against the gasoline excise tax for alcohol fuel and biodiesel mixtures. Excludes from the export exemption from certain excise taxes the delivery of a taxable fuel into a fuel tank of a motor vehicle which is shipped or driven outside of the United States.

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Timeline

1. 23 September 2004

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 23 September 2004

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 September 2004

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 September 2004 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 September 2004

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 September 2004

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 September 2004

  Open at official source

Sponsors

• C. Ruppersberger · D · Sponsor
• Rep. Gilchrest, Wayne T. [R-MD-1] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Common Sense Automobile Efficiency Act of 2004
• related to ← Common Sense Automobile Efficiency Act of 2004