Alternative Fuels Tax Incentives Act

Alternative Fuels Tax Incentives Act - Amends the Internal Revenue Code to allow as a credit against tax an amount equal to the applicable percentage of the incremental cost of any qualified alternative fuel motor vehicle placed in service by the taxpayer during the taxable year.

Increases the credit for qualified electric vehicles.

Provides that, for purposes of the general business credit, the alternative fuel retail sales credit of any taxpayer for any taxable year is 25 cents for each gasoline gallon equivalent of alternative fuel sold at retail by the taxpayer during such year as a fuel to propel any qualified motor vehicle.

Extends, for three years, the deduction for clean-fuel vehicles and certain refueling property.