Congress 108 - S 505 - CLEAR Act

Sponsor

Cosponsors

Topics

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

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Summary

Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2003 - 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 a limited credit for installation of alternative fueling stations.

Allows a limited credit for the retail sale of alternative fuels as motor fuel.

Mandates studies.

Actions

Mar 4, 2003

Read twice and referred to the Committee on Finance.
Mar 4, 2003

Sponsor introductory remarks on measure. (CR S3089-3091)
Mar 4, 2003

Introduced in Senate

Amendments

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