Securing America's Clean Fuels Infrastructure

Bill: 116-s-3735
Sponsor: full_name: Sen. Carper, Thomas R. [D-DE]
Introduced: 2020-05-14
Policy area: Taxation
Subjects: Alternative and renewable resources

Income tax credits

Motor fuels
Latest action: action_date: 2020-05-14
text: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2452)

Summaries:
action_date: 2020-05-14
action_desc: Introduced in Senate
text: <p><b>Securing America's Clean Fuels Infrastructure</b></p> <p>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.</p>

tv_txt: II 116th CONGRESS 2d Session S. 3735 IN THE SENATE OF THE UNITED STATES May 14, 2020 Mr. Carper (for himself and Mr. Alexander ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend and modify the credit for alternative fuel vehicle refueling property.

1. Short title This Act may be cited as the Securing America's Clean Fuels Infrastructure . 2. Extension of credit for alternative fuel vehicle refueling property (a) In general Subsection (g) of section 30C of the Internal Revenue Code of 1986 is amended by striking December 31, 2020 and inserting December 31, 2028 . (b) Effective date The amendments made by this section shall apply to property placed in service after December 31, 2020. 3. Modification of credit limitation (a) In general Subsection (b) of section 30C of the Internal Revenue Code of 1986 is amended— (1) by striking with respect to all and inserting with respect to any single item of , (2) by striking at a location , and (3) in paragraph (1), by striking $30,000 in the case of a property and inserting $200,000 in the case of any such item of property . (b) Effective date The amendments made by this section shall apply to property placed in service after December 31, 2019.