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)
Status:
Died (Referred to Committee)
Sponsor
Richard Blumenthal
Senior Senator from Connecticut
Party
Democrat
Text
Read Text »
Last Updated
Sep 12, 2012
Length
6 pages
Related Bills
H.R. 6384 (Related)
Fuel Cell and Hydrogen Infrastructure for America Act of 2012

Referred to Committee
Last Action: Sep 12, 2012

 
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
 
Summary

No summaries available.

Cosponsors
none
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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