H.R.253 - Clean Vehicles for Cleaner Air Act of 2011

To amend the Internal Revenue Code of 1986 to provide a business credit relating to the use of clean-fuel and fuel efficient vehicles by businesses within areas designated as nonattainment areas under the Clean Air Act. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide a business credit relating to the use of clean-fuel and fuel efficient vehicles by businesses within areas designated as nonattainment areas under the Clean Air Act. as introduced.
  • Short: Clean Vehicles for Cleaner Air Act of 2011 as introduced.

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Introduced
 
House
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Senate
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President
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01/07/11
 
 
 
 
 
 
 

Official Summary

Clean Vehicles for Cleaner Air Act of 2011 -  Amends the Internal Revenue Code to allow certain businesses located in areas designated as nonattainment areas under the Clean Air Act a general business tax credit for the cost of certain clean-fuel vehicle property and the use of clean-burnin

Official Summary

Clean Vehicles for Cleaner Air Act of 2011 -  Amends the Internal Revenue Code to allow certain businesses located in areas designated as nonattainment areas under the Clean Air Act a general business tax credit for the cost of certain clean-fuel vehicle property and the use of clean-burning fuel. Allows the credit to be taken against regular and alternative minimum tax liabilities. Allows a tax deduction for any unused clean fuel credit amounts. Allows a tax credit for the cost of hybrid vehicles placed in service in, and of which substantially all of the use occurs in, nonattainment areas.

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