Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act of 2005
Last action on Feb 8, 2005Referred to the House Committee on Ways and Means.
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Summary
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act of 2005 - Amends the Internal Revenue Code to provide a $250 business tax credit for each qualified commercial power takeoff vehicle (certain highway vehicles designed to deliver ready mixed concrete or collect refuse or recyclables) owned by a taxpayer at the end of the year. Stipulates that such credit shall not be available for a vehicle used during the year by a governmental entity or a tax-exempt organization.
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