A bill to amend the Internal Revenue Code of 1986 to provide incentives for used oil re-refining, and for other purposes.
Latest action · Nov 17, 2009 Read twice and referred to the Committee on Finance.
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.
- IntroducedNov 17, 2009
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to: (1) expand the definition of "qualified refinery" for purposes of the taxpayer election to expense the costs of refinery property to include refineries for processing non-virgin lube oil from used, refined products (including used lube oil originally derived from crude oil or qualified fuels); (2) extend through 2016 the expensing allowance with respect to such refineries; and (3) allow a business-related tax credit for the production of qualified re-refined lubricating oil.
Cosponsors 2
Members who signed on, in the order they did. All signed on Nov 17, 2009.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WA | Maria Cantwell | Original | Nov 17, 2009 |
| R-IN | Richard G. Lugar | Original | Nov 17, 2009 |
Actions 2
Everything that happened, newest first.
- Nov 17, 2009Introduced in Senate
- Nov 17, 2009Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4242 | To amend the Internal Revenue Code of 1986 to provide incentives for used oil re-refining, and for other purposes. | Identical bill | Dec 8, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 17, 2009Introduced in Senate
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.
