Skip to main content
S. 2279 113th Congress Senate

Energy Freedom and Economic Prosperity Act of 2014

Official title: A bill to amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate.

Introduced: May 1, 2014 Introduced by: Mike Lee Republican · Utah See on congress.gov
Taxation Air qualityAlternative and renewable resourcesClimate change and greenhouse gasesCoal
More subjectsShow fewer subjects
Corporate finance and managementElectric power generation and transmissionHybrid, electric, and advanced technology vehiclesIncome tax creditsIncome tax ratesMotor fuelsNuclear powerOil and gasSales and excise taxes
Sign in to write a letter Sign in to watch
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 2014
Read twice and referred to the Committee on Finance.
May 1, 2014
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 1, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Energy Freedom and Economic Prosperity Act of 2014 - Amends the Internal Revenue Code to repeal tax credits for: (1) alcohol fuel, biodiesel, and alternative fuel mixtures; (2) alternative motor vehicles; (3) new qualified plug-in electric drive motor vehicles; (4) alcohol used as fuel; (5) enhanced oil recovery; (6) producing oil and gas from marginal wells; (7) producing electricity from advanced nuclear power facilities; (8) carbon dioxide sequestration; (9) investment in energy property; and (10) investment in qualifying advanced coal projects, qualifying gasification projects, and qualifying advanced energy projects.

Directs the Secretary of the Treasury to revise the income tax rates for corporations based upon the overall revenue savings from the repeal of the energy tax expenditures by this Act and ensure that each revised rate is reduced by a uniform percentage.

 Related & companion bills 3
  • HR 259 Energy Freedom and Economic Prosperity Act
  • HR 1569 New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013
  • HR 3895 EXPAND Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2279: Energy Freedom and Economic Prosperity Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2279/
MLA
"S. 2279: Energy Freedom and Economic Prosperity Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2279/.
Bluebook (legal)
S. 2279, 113th Cong. (2026), https://openamerica.io/bill/113-S-2279/.
Markdown link
[S. 2279: Energy Freedom and Economic Prosperity Act of 2014](https://openamerica.io/bill/113-S-2279/)
Report a problem