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United States · Bill · S

S. 1619 (110th)

Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency (OILSAVE) Act

referredUnited States· United States Congress· EN

Introduced

14 June 2007

Last action

14 June 2007 · Introduced

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7734-7735)

Sponsors

Sen. Wyden, Ron [D-OR], Sen. Bennett, Robert F. [R-UT]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Summary

Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency (OILSAVE) Act - Amends the Internal Revenue Code to allow a tax credit for the purchase of a new qualified fuel-efficient motor vehicle. Defines "new qualified fuel-efficient motor vehicle" as a passenger automobile with a fuel economy rating of not less than 34.5 miles per gallon or a light truck with a 27.5 miles per gallon rating which are manufactured for model years 2009-2011. Expresses the sense of the Senate that the cost of this Act shall be offset by equivalent revenues in related legislation.

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

Timeline

  1. 14 June 2007

    Introduced

    Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7734-7735)

    Source: IntroReferral

  2. 14 June 2007

    Introduced

    Sponsor introductory remarks on measure. (CR S7734)

    Source: IntroReferral

  3. 14 June 2007

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 14 June 2007

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 14 June 2007

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 June 2007

    Open at official source

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Sponsors

Related records

Sources

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