To amend the Internal Revenue Code of 1986 to increase the incentives for E-85 fuel vehicle refueling property.
E-85 Investment Act of 2007 - Amends the Internal Revenue Code to modify the tax credit for alternative fuel vehicle refueling property by: (1) increasing to 75% the rate of such credit for property using 85% ethanol fuel; (2) reducing the maximum dollar amount of such credit in 2013 and 2014 for ethanol-related refueling property; and (3) extending such credit through 2016 for ethanol-related refueling property.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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