Introduced by Rep. George T. Darany (D) on March 13, 2012 To give individuals with annual incomes below $50,000 a per-vehicle fuel subsidy of $100, payable in the form of a “refundable” state income tax credit. A $75 per vehicle subsidy could be claimed by those with incomes between $50,000 and $75,000, and a $50 per vehicle subsidy for incomes between $75,000 and $100,000. The bill does not specify which government spending would be cut or taxes raised to provide these subsidies. Official Text and Analysis.
Referred to the House Tax Policy Committee on March 13, 2012