Foreign Oil Displacement Act of 2010

Summary

Foreign Oil Displacement Act of 2010 - Amends the Internal Revenue Code to: (1) allow a tax credit for investment in a carbonaceous fuels facility; (2) allow a new 30% tax credit for investment in a carbonaceous fuels conversion facility; and (3) exempt from the manufacturer's excise tax on fuels carbonaceous fuel or any portion of a blend that is carbonaceous fuel. Defines "carbonaceous fuels conversion facility" as a facility for producing fuels from nonconventional sources using coal, including peat and any byproduct (including synthetic gas) or chemical that is from a coal, culm, or silt preparation facility and that contains fixed carbon derived from coal.

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Timeline

1. 30 July 2010

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 30 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 July 2010 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2010

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 July 2010

  Open at official source

Sponsors

• Rep. Holden, Tim [D-PA-17] · D · Sponsor
• · hswm00 · Standing

Related records

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