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US S3735

US S3735
Securing America's Clean Fuels Infrastructure


summary

Introduced
05/14/2020
In Committee
05/14/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to extend and modify the credit for alternative fuel vehicle refueling property. This bill extends the tax credit for alternative fuel vehicle refueling property through 2028. It also increases the allowable amount of such credit from $30,000 to $200,000 for any single item of refueling property.

AI Summary

This bill extends the tax credit for alternative fuel vehicle refueling property through 2028 and increases the allowable amount of such credit from $30,000 to $200,000 for any single item of refueling property. The key provisions of this bill are to extend the existing tax credit for alternative fuel vehicle refueling infrastructure and to expand the maximum amount of the credit that can be claimed for each individual item of refueling equipment.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2452) (on 05/14/2020)

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