Energy Freedom and Economic Prosperity Act of 2014
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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.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
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/
"S. 2279: Energy Freedom and Economic Prosperity Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2279/.
S. 2279, 113th Cong. (2026), https://openamerica.io/bill/113-S-2279/.
[S. 2279: Energy Freedom and Economic Prosperity Act of 2014](https://openamerica.io/bill/113-S-2279/)