A bill to promote the use of hydrogen fuel cell vehicles, and for other purposes.
Hydrogen Transportation Wins Over Growing Reliance on Oil (H2 GROW) Act - Amends the Internal Revenue Code to establish, with respect to hydrogen fuel cell vehicles and the production and use of hydrogen used in hydrogen fuel cell vehicles, tax credits, tax deductions, depreciation benefits, and income exemptions and exclusions.
Amends the Energy Policy Act of 1992 to establish minimum Federal fleet requirements with respect to hydrogen fuel cell vehicles.
Establishes, as a goal, to replace reliance on 30 million barrels of foreign oil through the use of hydrogen fuel cells by December 31, 2012.
Directs the Secretary of Transportation to establish an advisory commission regarding the commercialization of fuel cell motor vehicles, including the achievement of the above goal.
Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3507-3508)
Read twice and referred to the Committee on Finance.
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