To ensure parity between the temporary duty imposed on ethanol and tax credits provided on ethanol.
Imported Ethanol Parity Act - Requires the President to: (1) reduce semiannually the temporary duty imposed on ethanol by an amount equal to the reduction in any federal income or excise tax credit for alcohol and ethanol blends used as fuel; and (2) take other necessary actions to ensure that the combined temporary duty and any other duty imposed on ethanol is equal to, or lower than, any federal income or excise tax credit applicable to ethanol.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3183)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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