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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

Status

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

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

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.

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Documents

3 official files

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Sources

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