H.R. 1569 · 113th Congress
New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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PompeoSponsor9 cosponsors · 9 R
R
Amash
JD
R
Duncan
JJ
R
Jordan
DL
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Lamborn
TM
R
McClintock
MM
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Mulvaney
MM
R
Meadows
TP
R
Price
RR
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Ribble9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013 - Amends the Internal Revenue Code to repeal: (1) the excise tax credits for alcohol fuel, biodiesel, and alternative fuel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…
What it does: CRS summary · Introduced in House · Apr 15, 2013
New Fair Deal Busting America's Rigid Outdated & Needless Subsidies Act of 2013 - Amends the Internal Revenue Code to repeal: (1) the excise tax credits for alcohol fuel, biodiesel, and alternative fuel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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 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.
Policy area: Taxation · Origin: House · Introduced: Apr 15, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.