Congress 107 - S 760 - Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2001

Sponsor

Cosponsors

Topics

Alternative fuels Automobile engines Automobile fuel consumption Automobile safety standards Automobiles Business income tax Commerce Compressed natural gas Electric vehicles Energy Energy tax credits Environmental Protection Fuel cells Hydrogen as fuel Income tax Liquefied natural gas Liquefied petroleum gas Methanol Motor vehicle pollution control Motor vehicles Natural gas vehicles Personal income tax Service stations Tax credits Tax deductions Tax-exempt organizations Taxation Transportation and Public Works Trucks

Full Text

View Full Bill Text

Votes

Summary

Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2001 - Amends the Internal Revenue Code to allow an annual alternative motor vehicle credit equal to the sum of: (1) the new qualified fuel cell motor vehicle credit; (2) the new qualified hybrid motor vehicle credit; and (3) the new qualified alternative fuel motor vehicle credit. Sets forth credit termination dates.

Extends and revises the credit for qualified electric vehicles. Makes leased vehicles eligible for the credit.

Allows (through 2007) an alternative fuel retail sales credit of 50 cents per gallon to a qualifying retailer.

Extends and revises the deduction for certain clean fuel vehicles and refueling property.

Allows (through 2007) a credit for the installation of residential or retail clean-fuel vehicle refueling property.

Actions

Oct 17, 2001

Sponsor introductory remarks on measure. (CR S10626)
Apr 25, 2001

Sponsor introductory remarks on measure. (CR S3917-3918)
Apr 24, 2001

Read twice and referred to the Committee on Finance.
Apr 24, 2001

Introduced in Senate

Amendments

Related Bills