New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013
Latest action · Apr 15, 2013 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.
- IntroducedApr 15, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013 - Amends the Internal Revenue Code to repeal: (1) the excise tax credits for alcohol fuel, biodiesel, and alternative fuel mixtures; (2) the tax credits for the purchase of alternative motor vehicles and new qualified plug-in electric drive motor vehicles; (3) the alternative fuel vehicle refueling property tax credit; (4) the income tax credits for alcohol, biodiesel, and renewable diesel used as fuel; (5) the enhanced oil recovery tax credit and the tax credit for producing oil and gas from marginal wells; (6) the tax credits for producing electricity from renewable resources and from advanced nuclear power facilities; (7) the tax credit for carbon dioxide sequestration; (8) the energy tax credit; and (9) the tax credits for investment in qualifying advanced coal projects and qualifying gasification projects.
Directs the Secretary of the Treasury to prescribe a flat income tax rate for corporations, in lieu of the existing marginal tax rates, based upon the overall revenue savings from the repeal of energy tax expenditures by this Act.
Cosponsors 9
Members who signed on, in the order they did. All signed on Apr 15, 2013.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CO | Doug Lamborn | Original | Apr 15, 2013 |
| R-SC | Jeff Duncan | Original | Apr 15, 2013 |
| R-OH | Jim Jordan | Original | Apr 15, 2013 |
| R-MI | Justin Amash | Original | Apr 15, 2013 |
| R-NC | Mark Meadows | Original | Apr 15, 2013 |
| R-SC | Mick Mulvaney | Original | Apr 15, 2013 |
| R-WI | Reid J. Ribble | Original | Apr 15, 2013 |
| R-CA | Tom McClintock | Original | Apr 15, 2013 |
| R-GA | Tom Price | Original | Apr 15, 2013 |
Actions 2
Everything that happened, newest first.
- Apr 15, 2013Introduced in House
- Apr 15, 2013Referred to the House Committee on Ways and Means.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 259 | Energy Freedom and Economic Prosperity Act | Related bill | Jan 15, 2013 |
| S 2279 | Energy Freedom and Economic Prosperity Act of 2014 | Related bill | May 1, 2014 |
| HR 3895 | EXPAND Act | Related bill | Jun 20, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Air quality
- Alternative and renewable resources
- Climate change and greenhouse gases
- Coal
- Corporate finance and management
- Electric power generation and transmission
- Hybrid, electric, and advanced technology vehicles
- Income tax credits
- Income tax rates
- Motor fuels
- Nuclear power
- Oil and gas
- Sales and excise taxes
- Taxation
Text 1
Each version as it was printed, newest first.
- Apr 15, 2013Introduced 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.