A bill to amend the Internal Revenue Code of 1986 to provide tax incentives and fees for increasing motor vehicle fuel economy, and for other purposes.
Efficient Vehicle Leadership Act of 2009 - Amends the Internal Revenue Code to: (1) allow a new income tax credit for certain fuel-efficient motor vehicles with a purchase price not exceeding $50,000, beginning with model year 2011; (2) allow such credit as an offset against the alternative minimum tax (AMT); and (3) revise the gas guzzler excise tax to impose an increased tax on fuel guzzler motor vehicles, beginning with model year 2013, based on specified fuel efficiency ratings.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S9018-9019)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9019-9020)
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