S. 181Senate109th Congress (2005-2007)In Committee

Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act

Introduced January 26, 2005

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

January 26, 2005

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SenateIntro Referral

Introduced in Senate

January 26, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S591-592)

January 26, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance.

January 26, 2005

Floor Debate

23 members

What members said about S. 181 on the floor

13 Republicans10 Democrats
Jeff Bingaman
Sen. Jeff BingamanD-NM · Jan 26, 2005

Mr. President, I rise today with my distinguished colleague Senator Bennett to introduce the Indian School Bus Route Safety Reauthorization Act of 2005. This bill continues an important Federal…

Jon S. Corzine
Sen. Jon S. CorzineD-NJ · Jan 26, 2005

Mr. President, I rise today to announce the introduction of the Military Retiree Survivor Benefit Equity Act of 2005. This bill is a major step forward in making our military's Survivor Benefit…

Mike DeWine
Sen. Mike DeWineR-OH · Jan 26, 2005

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. Mr. President, I would like to discuss a bill Senator Dodd and I are introducing today. This is a bill about…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Jan 26, 2005

Mr. President, today I am pleased to introduce the Sierra National Forest Land Exchange Act of 2005, the companion to legislation authored by Representative Radanovich. This legislation would assist…

Sam Brownback
Sen. Sam BrownbackR-KS · Jan 26, 2005

Mr. President, I am proud to join with my colleague from the great State of Kansas, Senator Pat Roberts, and introduce the Bleeding Kansas National Heritage Area Act. I appreciate the Senator's hard…

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Wayne Allard
Sen. Wayne AllardR-CO · Jan 26, 2005

Mr. President, I rise to discuss an issue of considerable importance to the people of southern Colorado. For nearly 50 years, the people of southern Colorado have lived with the knowledge that within…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Jan 26, 2005

Mr. President, I come to the floor today, along with my good friend Senator Mike DeWine, to introduce the Compassionate Care for Children Act of 2005. This important legislation is designed to…

Pete V. Domenici
Sen. Pete V. DomeniciR-NM · Jan 26, 2005

Mr. President, I rise today to reintroduce a piece of legislation that is of paramount importance to the State of New Mexico and many other western States. This bill will address the mounting…

Richard G. Lugar
Sen. Richard G. LugarR-IN · Jan 26, 2005

The bill I am introducing today seeks to enhance United States effectiveness in dealing with countries that are either emerging from civil strife and conflict or threatened with instability. It calls…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Jan 26, 2005

Mr. President, I rise today to introduce the No Taxation Without Representation Act of 2005 in an effort to right a persistent injustice experienced by the 600,000 citizens of the District of…

Byron L. Dorgan
Sen. Byron L. DorganD-ND · Jan 26, 2005

Mr. President, today I am joined by Senator Mikulski of Maryland and seven of our colleagues in introducing legislation to repeal one of the most egregious tax subsidies found in the U.S. Tax Code.…

Bill Nelson
Sen. Bill NelsonD-FL · Jan 26, 2005

Mr. President, on behalf of myself and Senators Corzine, Hagel, Durbin and Dayton, I am honored to introduce legislation today that we are convinced is necessary to fix a long- standing problem in…

Chuck Hagel
Sen. Chuck HagelR-NE · Jan 26, 2005

Mr. President, I rise today to introduce, along with my colleagues Senators Sununu and Dole, the Federal Housing Enterprise Regulatory Reform Act of 2005. This is needed regulatory reform at a…

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Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Jan 26, 2005

Mr. President, it is an honor once again to join my colleague Senator Grassley in introducing the Family Opportunity Act to remove the health care barriers for children with disabilities that so…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Jan 26, 2005

Mr. President, I am pleased to join once again with my good friend Senator Kennedy to introduce the Family Opportunity Act. The Family Opportunity Act provides states the option to allow families…

Mitch McConnell
Sen. Mitch McConnellR-KY · Jan 26, 2005

Mr. President, one of the first meetings I had as a U.S. Senator 20 years ago was about the aging chemical weapons stored at the Blue Grass Army Depot in Richmond, KY. At the time, the Army was…

Maria Cantwell
Sen. Maria CantwellD-WA · Jan 26, 2005

Mr. President, I want to take a moment to talk about the advantages of having a college education and the importance of ensuring access to higher education. That is why I am pleased to join as a…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · Jan 26, 2005

Mr. President, I rise today to introduce important legislation aimed at helping some the world's poorest countries along their path toward economic development and self-sufficiency. Joining me in…

Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Jan 26, 2005

Mr. President, I rise today to introduce two related pieces of legislation addressing inequities that affect seaplane operators and passengers in rural areas. Both of these were included in S. 1072…

John Ensign
Sen. John EnsignR-NV · Jan 26, 2005

Mr. President, I rise today to offer legislation to correct an inequity with the United States Tax Code that affects thousands of taxpayers every year. The bill I am offering is the Fuel Tax…

John Ensign
Sen. John EnsignR-NV · Jan 26, 2005

Mr. President, I rise today to offer legislation to correct an inequity with the United States Tax Code that affects thousands of taxpayers every year. The bill I am offering is the Fuel Tax…

Ken Salazar
Sen. Ken SalazarD-CO · Jan 26, 2005

Mr. President, I rise today along with my colleagues in relation to the Pueblo Chemical Depot. When the Senate ratified the Chemical Weapons Convention in 1997, it became U.S. law and our sworn…

Saxby Chambliss
Sen. Saxby ChamblissR-GA · Jan 26, 2005

Mr. President a mere 20 minutes away from the hustle and bustle of the booming city of Atlanta, GA, lies a quiet refuge that cradles historical remnants and nature's beauty. This area around Arabia…

Pat Roberts
Sen. Pat RobertsR-KS · Jan 26, 2005

Mr. President, I am pleased to once again introduce, along with my distinguished colleague Senator Brownback, a bill designating the Bleeding Kansas and the Enduring Struggle for Freedom National…

Bill Text

Latest available legislative text

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Latest
Introduced in SenateIssued January 26, 2005

II

109th CONGRESS

1st Session

S. 181

IN THE SENATE OF THE UNITED STATES

January 26, 2005

Mr. Ensign introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to allow a credit against income tax for taxpayers owning certain commercial power takeoff vehicles.

1.

Short title

This Act may be cited as the Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act.

2.

Credit for taxpayers owning commercial power takeoff vehicles

(a)

In general

Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to business-related credits) is amended by adding at the end the following new section:

45J.

Commercial power takeoff vehicles credit

(a)

General rule

For purposes of section 38, the amount of the commercial power takeoff vehicles credit determined under this section for the taxable year is $250 for each qualified commercial power takeoff vehicle owned by the taxpayer as of the close of the calendar year with or within which the taxable year ends.

(b)

Definitions

For purposes of this section—

(1)

Qualified commercial power takeoff vehicle

The term qualified commercial power takeoff vehicle means any highway vehicle described in paragraph (2) which—

(A)

is propelled by any fuel subject to tax under section 4041 or 4081, and

(B)

is used in a trade or business or for the production of income (and is licensed and insured for such use).

(2)

Highway vehicle described

A highway vehicle is described in this paragraph if such vehicle is—

(A)

designed to engage in the daily collection of refuse or recyclables from homes or businesses and is equipped with a mechanism under which the vehicle’s propulsion engine provides the power to operate a load compactor, or

(B)

designed to deliver ready mixed concrete on a daily basis and is equipped with a mechanism under which the vehicle’s propulsion engine provides the power to operate a mixer drum to agitate and mix the product en route to the delivery site.

(c)

Exception for vehicles used by governments, etc

No credit shall be allowed under this section for any vehicle owned by any person at the close of a calendar year if such vehicle is used at any time during such year by—

(1)

the United States or an agency or instrumentality thereof, a State, a political subdivision of a State, or an agency or instrumentality of one or more States or political subdivisions, or

(2)

an organization exempt from tax under section 501(a).

(d)

Denial of double benefit

The amount of any deduction under this subtitle for any tax imposed by subchapter B of chapter 31 or part III of subchapter A of chapter 32 for any taxable year shall be reduced (but not below zero) by the amount of the credit determined under this subsection for such taxable year.

.

(b)

Credit made part of general business credit

Subsection (b) of section 38 of the Internal Revenue Code of 1986 (relating to general business credit) is amended by striking plus at the end of paragraph (18), by striking the period at the end of paragraph (19) and inserting , plus, and by adding at the end the following new paragraph:

(20)

the commercial power takeoff vehicles credit under section 45J(a).

.

(c)

Clerical amendment

The table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:

Sec. 45J. Commercial power takeoff vehicles credit.

.

(d)

Effective date

The amendments made by this section shall apply to taxable years ending after December 31, 2004.