National Fuels Initiative

Bill: 110-s-162
Sponsor: Sen. Lugar, Richard G. [R-IN]
Introduced: 2007-01-04 in the Senate
Policy area: Energy
Subjects: Administrative procedure
Agriculture and Food
Alcohol as fuel
Alternative energy sources
Armed Forces and National Security
Automobile industry
Automobiles
Cartels
Commerce
Commercialization
Congress
Congressional reporting requirements
Consumer education
Cost effectiveness
Department of Energy
Depreciation and amortization
Economic growth
Economics and Public Finance
Electric vehicles
Energy conservation
Energy demand
Energy efficiency
Energy security
Energy supplies
Environmental Protection
Excise tax
Farms
Federal installations
Finance and Financial Sector
Foreign Trade and International Finance
Fuel consumption
General Services Administration
Government Operations and Politics
Government publicity
Government vehicles
Governmental investigations
Heating
Housing and Community Development
Imports
Income tax
International Affairs
Internet
Labeling
Law
Motor vehicle pollution control
Natural gas vehicles
Petroleum
Petroleum industry
Petroleum refineries
Recycling of waste products
Refuse as fuel
Research and development
Science, Technology, Communications
Service stations
Standards
Tax credits
Tax deductions
Taxation
Technological innovations
Terrorism
Transportation and Public Works
Transportation research
Trucks
Web sites

Summary:
action_date: 2007-01-04
text: 
National Fuels Initiative - Amends the Internal Revenue Code to modify the alcohol fuels tax credit and the alternative fuel tax credit by calculating such rates based on a formula related to the average price of a barrel of oil. Sets tax credit rates for alcohol fuels, qualified alcohol fuel mixtures, and alternative fuels sold or used before January 1, 2011.
 
Extends such credits. Sets forth sunset provisions terminating the small ethanol producer tax credit. 
 
Amends the Clean Air Act to require the Secretary of Energy to promulgate regulations to ensure that each major oil company that sells gasoline in the United States through wholly-owned or branded stations provides pumps that dispense E-85 fuel at not less than a specified graduated percentage of all of its stations. 
 
Amends federal transportation law to require manufacturers of new automobiles that can operate on gasoline or diesel fuel to manufacture such automobiles by increasing percentages after model year 2007.
 
Revises the definition of automobile to require including all automobiles up to 10,000 pounds (currently, not all automobiles up to 10,000 pounds are required to be included in the definition). Continues applying the current minimum corporate average fuel economy (CAFE) standards for non-passenger and passenger automobiles to automobiles manufactured through model year 2011, but, for passenger automobiles, adds an increase of four percent per year in such standard for model years 2009 through 2011.
 
Requires an average fuel economy standard of 27.5 miles per gallon for all automobiles manufactured by all manufacturers for model year 2012, with an increase of four percent in the average fuel economy from the level for the prior model year for model year 2013 and beyond.
 
Requires the average fuel economy standard in a model year for a manufacturer's domestic and foreign fleetwide passenger automobiles under calculation of average fuel economy provisions to be at least 92% of the average fuel economy projected by the Secretary for the combined domestic and foreign fleets manufactured by all manufacturers in that model year.
 
Permits lower fuel economy standards if they are: (1) technologically unachievable; (2) materially reduce auto safety; or (3) not cost effective.
 
Amends the Internal Revenue Code to: (1) terminate the limitation on the number of new qualified hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle credit; and (2) allow an advanced technology motor vehicles manufacturing credit.
 
Sets forth certain requirements regarding the collecting, re-refining, reusing, and labeling of used oil.
 
Extends the period a taxpayer may elect to deduct 50% of the expense costs of a qualified refinery property that processes non-virgin lube oil from used, refined oil.
 
Allows a tax credit for re-refined lubricating oil feedstock.


Legislative actions:
action_date: 2007-01-04
text: Read twice and referred to the Committee on Finance.
action_date: 2007-01-04
text: Introduced in Senate