H.R.6541 - RIPE Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Flake, Jeff [R-AZ-6] (Introduced 12/17/2010)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||House - 12/17/2010 Referred to House Energy and Commerce (All Actions)|
This bill has the status Introduced
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Summary: H.R.6541 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (12/17/2010)
Remove Incentives for Producing Ethanol Act of 2010 or the RIPE Act of 2010 - Amends the Clean Air Act to repeal the renewable fuel standard.
Amends the Internal Revenue Code to terminate the excise tax credit for alcohol fuel mixtures and the income tax credit for alcohol used as fuel.
Amends the Harmonized Tariff Schedule of the United States to provide for the duty free treatment for ethyl alcohol or a mixture containing ethyl alcohol if it is to be used as fuel. Applies such treatment to goods entered, or withdrawn from warehouses for consumption, on or after the 15th day after this Act's enactment.