Families and Small Business Energy Tax Relief Act of 2008

Summary

Families and Small Business Energy Tax Relief Act of 2008 - Amends the Internal Revenue Code to allow an individual taxpayer an income-based refundable tax credit for the lesser of 50% of such taxpayer's residential energy costs for a taxable year or $750 ($1,500 for married taxpayers filing jointly). Defines "residential energy costs" as amounts paid in 2008 or 2009: (1) to any utility for natural gas used in the taxpayer's principal residence during the heating season (September through March); and (2) for heating oil or propane. Allows a certain small farming or commercial fishing businesses (gross receipts of not more than $20 million) a tax credit for up to 15% of amounts paid in 2008 or 2009 for gasoline, diesel fuel, heating oil, propane, and natural gas. Increases and makes permanent the tax credit for nonbusiness energy property expenditures. Amends the Low-Income Home Energy Assistance Act of 1981 to authorize additional appropriations for outreach activities to inform eligible households of available energy-related assistance and for residential weatherization and repair activities for low-income households.

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Timeline

1. 1 August 2008

   Referred

   Referred to the Subcommittee on Energy and Air Quality.

   Source: Committee

2. 1 August 2008

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and Labor, 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

3. 1 August 2008

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and Labor, 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

4. 1 August 2008

   Introduced

   Introduced in House

   Source: IntroReferral

5. 1 August 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 August 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 August 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 August 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 August 2008

  Open at official source

Sponsors

• Rep. Courtney, Joe [D-CT-2] · D · Sponsor
• Sen. Murphy, Christopher [D-CT] · D · Sponsor
• · hsif00 · Standing
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to → HEATR Act of 2008
• related to → Home Heating Oil Assistance Act of 2008
• related to ← HEATR Act of 2008