HR 2448
110th Congress
House
Taxation
Diesel motor
Energy
Energy prices
Excise tax
Gasoline
Petroleum
Tax credits
Tax rates
Tax refunds
Transportation and Public Works
Emergency Gas Price Relief Act of 2007
Introduced: May 23, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2007
Referred to the House Committee on Ways and Means.
May 23, 2007
Introduced in House
Plain-English summary
Emergency Gas Price Relief Act of 2007 - Amends the Internal Revenue Code to reduce highway motor fuel excise taxes by 10 cents per gallon, beginning on the date when the retail price for gasoline is greater than $3.00 per gallon and ending when such price is less than $2.50 per gallon (reduction period). Allows a tax credit or refund of such excise tax to a taxpayer for floor stocks of highway motor fuels held by dealers prior to the reduction period.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1