S 271
111th Congress
Senate
Taxation
Alternative and renewable resources
Business investment and capital
Electric power generation and transmission
Hybrid, electric, and advanced technology vehicles
Income tax credits
Income tax deductions
Manufacturing
Motor fuels
Motor vehicles
Fuel Reduction using Electrons to End Dependence on the Mid-East (FREEDOM) Act of 2009
Introduced: January 15, 2009
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 15, 2009
Read twice and referred to the Committee on Finance.
Jan 15, 2009
Introduced in Senate
Plain-English summary
Fuel Reduction using Electrons to End Dependence on the Mid-East (FREEDOM) Act of 2009 - Amends the Internal Revenue Code to: (1) allow an election to expense the cost of manufacturing property for producing plug-in electric drive motor vehicles and components; (2) increase the number of such vehicles eligible for a tax credit; (3) allow a five-year recovery period for the depreciation of smart meters and smart grid systems; and (4) increase the rate of the tax credit for alternative fuel vehicle refueling property and the maximum credit amount for commercial refueling property.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1