Oil and Gas-to-Alternatives Swap (OGAS) Act of 2006
Latest action · Sep 29, 2006 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 29, 2006
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Oil and Gas-to-Alternatives Swap (OGAS) Act of 2006 - Amends the Internal Revenue Code to repeal: (1) the tax credit for facilities producing coke or coke gas-related fuel; (2) the classification of the tax credit for producing fuel from a nonconventional source as a business-related credit; (3) accelerated amortization of geological and geophysical expenditures; and (4) the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for the tax credit for alternative motor vehicles.
Extends through 2012 the alternative motor vehicles tax credit for: (1) advanced lean burn technology motor vehicles; (2) qualified hybrid motor vehicles; and (3) qualified alternative fuel vehicles.
Increases from 30 to 60% the rate of the tax credit for alternative fuel vehicle refueling property and extends such credit through 2012.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Dec 5, 2006 to Dec 8, 2006.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Mark Kirk | Dec 5, 2006 | |
| R-NJ | Frank A. LoBiondo | Dec 7, 2006 | |
| R-OH | Steven C. LaTourette | Dec 7, 2006 | |
| R-IL | Timothy V. Johnson | Dec 7, 2006 | |
| R-PA | Todd Russell Platts | Dec 7, 2006 | |
| R-MI | Vernon J. Ehlers | Dec 8, 2006 |
Actions 2
Everything that happened, newest first.
- Sep 29, 2006Introduced in House
- Sep 29, 2006Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Alternative energy sources
- Coke industry
- Commerce
- Depreciation and amortization
- Electric vehicles
- Energy
- Energy conservation
- Energy efficiency
- Fuel cells
- Fuel consumption
- Gas industry
- Geology
- Geophysical prediction
- Income tax
- Natural gas vehicles
- Petroleum industry
- Prospecting
- Service stations
- Tax credits
- Tax deductions
- Taxation
- Transportation and Public Works
Text 1
Each version as it was printed, newest first.
- Sep 29, 2006Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.