H.R.1438 - Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act107th Congress (2001-2002)
||Rep. Collins, Mac [R-GA-3] (Introduced 04/04/2001)
||House - Ways and Means
||04/04/2001 Referred to the House Committee on Ways and Means. (All Actions)
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Introduced in House (04/04/2001)
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act - Amends the Internal Revenue Code to provide a $250 credit for each qualified commercial power takeoff vehicle (certain highway vehicles designed to deliver ready mixed concrete or collect refuse or recyclables) owned by a taxpayer at the end of the year. Stipulates that such credit shall not be available for a vehicle used during the year by a governmental entity or a tax-exempt organization.