A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for the retrofit conversion of a nonhybrid motor vehicle to a hybrid.
Reducing Energy Use Through Retrofitting Older Vehicles Act or the RETRO Act - Amends the Internal Revenue Code to allow a tax credit for the cost of converting a motor vehicle into a hybrid motor vehicle, based on gross vehicle weight. Limits the number of converted motor vehicles eligible for such credit. Terminates such credit five years after the enactment of this Act.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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