Title: Alternative Fuel Tax Credit Extension Act of 2019
Policy area: Taxation

Summary:
Alternative Fuel Tax Credit Extension Act of 2019
This bill extends and phases out the tax credit for alternative fuels used as a motor fuel, including compressed, liquefied, and renewable natural gas. It provides for a credit equal to the product of (1) 50 cents and the number of gallons of alternative fuel used in certain vehicles before January 1, 2025, and (2) 25 cents for 2025 through 2026. The credit terminates after 2026. The bill also extends outlay payments of such credit through 2026.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5089 Introduced in House (IH)]

<DOC>






116th CONGRESS
  1st Session
                                H. R. 5089

  To amend the Internal Revenue Code of 1986 to extend the credit for 
                           alternative fuels.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 14, 2019

  Mrs. Fletcher (for herself and Mr. Mullin) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to extend the credit for 
                           alternative fuels.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Alternative Fuel Tax Credit 
Extension Act of 2019''.

SEC. 2. EXTENSION OF CREDIT FOR ALTERNATIVE FUELS.

    (a) Extension and Phaseout of Alternative Fuel Credit.--
            (1) In general.--Section 6426(d)(5) of the Internal Revenue 
        Code of 1986 is amended to read as follows:
            ``(5) Phaseout and termination.--
                    ``(A) Phaseout.--For purposes of this subsection, 
                the applicable amount is--
                            ``(i) 50 cents in the case of any sale or 
                        use for any period before January 1, 2025, and
                            ``(ii) 25 cents in the case of any sale or 
                        use for any period after December 31, 2024, and 
                        before January 1, 2027.
                    ``(B) Termination.--This subsection shall not apply 
                to any sale or use for any period after December 31, 
                2026.''.
            (2) Conforming amendment.--Section 6426(d)(1) of such Code 
        is amended by striking ``50 cents'' and inserting ``the 
        applicable amount''.
    (b) Outlay Payment of Alternative Fuels Credit.--Section 
6427(e)(6)(C) of such Code is amended by striking ``December 31, 2017'' 
and inserting ``December 31, 2026''.
    (c) Special Rule.--Notwithstanding any other provision of law, in 
the case of any alternative fuel credit properly determined under 
section 6426(d) of the Internal Revenue Code of 1986 for the period 
beginning on January 1, 2018, and ending with the close of the last 
calendar quarter beginning before the date of the enactment of this 
Act, such credit shall be allowed, and any refund or payment 
attributable to such credit (including any payment under section 
6427(e) of such Code) shall be made, only in such manner as the 
Secretary of the Treasury (or the Secretary's delegate) shall provide. 
Such Secretary shall issue guidance within 30 days after the date of 
the enactment of this Act providing for a one-time submission of claims 
covering periods described in the preceding sentence. Such guidance 
shall provide for a 180-day period for the submission of such claims 
(in such manner as prescribed by such Secretary) to begin not later 
than 30 days after such guidance is issued. Such claims shall be paid 
by such Secretary not later than 60 days after receipt. If such 
Secretary has not paid pursuant to a claim filed under this subsection 
within 60 days after the date of the filing of such claim, the claim 
shall be paid with interest from such date determined by using the 
overpayment rate and method under section 6621 of such Code.
    (d) Effective Date.--The amendments made by this section shall 
apply to fuel sold or used after December 31, 2017.
                                 <all>