W. Steube (R-FL)

American Fuel Affordability Act

H.R. 10607 · House bill Taxation

A Republican bill with no cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is called the American Fuel Affordability Act. It repeals certain excise taxes on diesel fuel. The bill requires the Secretary of the Treasury to transfer amounts equal to the reduced tax collections from the general fund to the Highway Trust Fund and the Leaking Underground Storage Trust Fund. It creates a refinery construction investment credit for qualified facilities. The bill also establishes a refinery production credit of 5 cents per gallon of gasoline or diesel produced at a qualified newly constructed refinery and sold to an unrelated person. Additionally, the bill makes the special allowance for qualified production property permanent for new gasoline and diesel refinery construction.

Yes· 3 of 8

  • Scored +6

    Is this likely to create jobs?

    Incentives for refinery construction and production are designed to stimulate capital investment and job creation in the energy sector.

  • Scored +6

    Would business owners be better off under this?

    Business owners in the energy and refining sectors benefit directly from new investment credits and tax repeals.

  • Scored +5

    Does this cut taxes for small businesses?

    The bill provides tax credits and deductions for refinery construction and production that benefit businesses in the fuel sector.

The opposite

  • Scored -6

    Does this reduce how much oil, gas and coal is produced?

    The bill provides tax credits for constructing refineries and producing gasoline and diesel, which encourages fossil fuel production.