H.R.2505 - E-85 PUMP Act110th Congress (2007-2008)
|Sponsor:||Rep. Donnelly, Joe [D-IN-2] (Introduced 05/24/2007)|
|Committees:||House - Ways and Means; Judiciary|
|Latest Action:||House - 05/24/2007 Referred to House Judiciary (All Actions)|
This bill has the status Introduced
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Summary: H.R.2505 — 110th Congress (2007-2008)All Information (Except Text)
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.