To amend the Internal Revenue Code of 1986 to exempt sales of natural gas for use in natural gas vehicles from the retail sales limitation on defining independent producers of petroleum products.
Job Creation and Energy Security Act of 2011 - Amends the Internal Revenue Code to exempt sales of natural gas, or any product derived from natural gas, for use in motor vehicles from the $5 million retail sales limitation applicable to independent producers of petroleum products for purposes of the oil and gas depreciation allowance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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