A bill to amend the Internal Revenue Code of 1986 to encourage and accelerate the nationwide production, retail sale, and consumer use of new motor vehicles that are powered by fuel cell technology, hybrid technology, battery electric technology, alternative fuels, or other advanced motor vehicle technologies, and for other purposes.
Extends and revises the credit for qualified electric vehicles. Makes leased vehicles eligible for the credit.
Allows (through 2007) an alternative fuel retail sales credit of 50 cents per gallon to a qualifying retailer.
Extends and revises the deduction for certain clean fuel vehicles and refueling property.
Allows (through 2007) a credit for the installation of residential or retail clean-fuel vehicle refueling property.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure. (CR S3917-3918)
Sponsor introductory remarks on measure. (CR S10626)
Sponsor introductory remarks on measure. (CR S10626)
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