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United States · Bill · S

S. 2064 (112th)

Energy Freedom and Economic Prosperity Act

openUnited States· United States Congress· EN

Introduced

2 February 2012

Last action

6 February 2012 · Calendars

Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 309.

Sponsors

Sen. DeMint, Jim [R-SC], Sen. Lee, Mike [R-UT], Sen. Johnson, Ron [R-WI]

Subjects

Nuclear energy, Taxation

Source updated

5 December 2025

Nuclear energy · Taxation

Summary

Energy Freedom and Economic Prosperity Act - Amends the Internal Revenue Code to repeal: (1) the excise tax credits for alcohol fuel, biodiesel, and alternative fuel mixtures; (2) the tax credits for the purchase of certain plug-in electric vehicles and alternative motor vehicles; (3) the alternative fuel vehicle refueling property tax credit; (4) the tax credits for alcohol used as fuel and for biodiesel and renewable diesel used as fuel; (5) the enhanced oil recovery tax credit and the tax credit for producing oil and gas from marginal wells; (6) the tax credit for carbon dioxide sequestration; (7) the energy tax credit; and (8) the tax credits for investment in qualifying advanced coal projects and qualifying gasification projects. Terminates after 2012 the tax credits for the production of electricity from certain renewable resources and from advanced nuclear power facilities. Repeals the grant program under the American Recovery and Reinvestment Act of 2009 for payments to invest in alternative and renewable energy property in lieu of tax credits. Directs the Secretary of the Treasury to reduce the corporate income tax rates by prescribing proportionate modifications to such rates based upon revenue savings resulting from the repeal of energy tax expenditures by this Act.

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

Timeline

  1. 2 February 2012

    Introduced

    Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    Source: Calendars

  2. 2 February 2012

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 6 February 2012

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 309.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Placed on Calendar Senate (text)

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 6 February 2012

    ViewDownloadOpen at official source

  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 6 February 2012

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 2 February 2012

    Open at official source

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Sponsors

Related records

Sources

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