S. 3531 (112th): A bill to amend the Internal Revenue Code of 1986 to increase, expand, and extend the credit for hydrogen-related alternative fuel vehicle refueling property and to increase the investment credit for more efficient fuel cells.

Introduced:
Sep 12, 2012 (112th Congress, 2011–2013)
Sponsor:
Sen. Richard Blumenthal [D-CT]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on September 12, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 12, 2012
Referred to Committee Sep 12, 2012
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Sep 12, 2012.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/12/2012--Introduced.
Amends the Internal Revenue Code, with respect to the tax credit for alternative fuel vehicle refueling property expenditures, to:
(1) increase the rate of such credit from 30% to 50% for hydrogen-related alternative fuel vehicles,
(2) eliminate the dollar limitation on such credit for hydrogen-related vehicles,
(3) allow such credit for off-highway motor vehicles designed for carrying or towing loads, and
(4) extend such credit through 2016 for property related to hydrogen.
Increases the 30% energy tax credit for investment in fuel cell property to:
(1) 50% for fuel cell property used in a combined heat and power system having an energy efficiency percentage of 70% or more, and
(2) 40% for fuel cell property having an energy efficiency percentage of at least 60% but less than 70%.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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