HR 3944
109th Congress
House
Taxation
Agriculture and Food
Commerce
Costs
Diesel motor
Economics and Public Finance
Energy
Energy prices
Farmers
Fisheries
Gasoline
Heating
Income tax
Indexing (Economic policy)
Marine and coastal resources, fisheries
Natural gas
Small business
Tax credits
Small Business Fuel Cost Relief Act of 2005
Introduced: September 29, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 29, 2005
Referred to the House Committee on Ways and Means.
Sep 29, 2005
Introduced in House
Plain-English summary
Small Business Fuel Cost Relief Act of 2005 - Amends the Internal Revenue Code to allow certain commercial farmers, fishermen, and small business owners a temporary two-year business tax credit for excessive fuel cost (i.e., for gasoline, diesel fuel, heating oil, and natural gas. Defines "excessive fuel cost" as the amount currently paid for fuel over the Labor Day 2004 price for such fuel, adjusted for inflation.
Allows taxpayers a standard automobile mileage allowance of 60 cents per mile in lieu of the tax credit provided by this Act.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1