American Commercial Ethanol Fairness Act of 2007
Last action on May 9, 2007Referred to the House Committee on Ways and Means.
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Summary
H.R. 2256, the American Commercial Ethanol Fairness Act of 2007, proposes an expansion of existing federal tax credits for alcohol-based fuels. Specifically, the bill would allow companies to claim a tax credit for ethanol used in the production of tetra ethyl ortho silicate (TEOS), a chemical compound primarily used in the manufacturing of semiconductors and high-quality glass. By extending this financial incentive to industrial applications beyond motor fuel, the bill aims to lower production costs for certain technology and manufacturing sectors that utilize ethanol as a raw material.
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