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.
Actions
May 14, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4895)
May 14, 2001
Sponsor introductory remarks on measure. (CR S4894-4895)