American Commercial Ethanol Fairness Act of 2008
Last action on Jun 12, 2008Referred to the House Committee on Ways and Means.
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Summary
American Commercial Ethanol Fairness Act of 2008- Amends the Internal Revenue Code to expand the tax credit for alcohol used as fuel to include ethanol used in tetra ethyl ortho silicate (TEOS) production. Allows taxpayers a credit for 45 cents per gallon of alcohol which is ethanol used in the production of TEOS. Requires that the TEOS be manufactured in the United States and sold in a trade or business of the taxpayer.
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