Summary: H.R.2505 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.2505. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/24/2007)

Promoting the Use of Mixed Petroleum Act or the E-85 PUMP Act - Amends the Internal Revenue Code to: (1) increase the rate of the tax credit for alternative fuel vehicle refueling property from 30 to 50%; (2) increase the limit on such credit for commercial properties to $50,000; and (3) extend such credit through 2014.

Amends the Clayton Antitrust Act to make it an unlawful restriction of trade to prohibit a service station franchisee from installing alternative fuel vehicle refueling property.