H.R.407 - Clean Vehicles Incentive Act of 2013

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, and for other purposes. 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, and for other purposes. as introduced.
  • Short: Clean Vehicles Incentive Act of 2013 as introduced.

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01/23/13
 
 
 
 
 
 
 

Official Summary

Clean Vehicles Incentive Act of 2013 -  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

Official Summary

Clean Vehicles Incentive Act of 2013 -  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 new qualified hybrid motor vehicle tax credit for any taxable year after 2012 only for such a vehicle which is placed in service after December 31, 2012, by an eligible business and substantially all of the use of which is in a nonattainment area. Extends such credit to new hybrid vehicles purchased after:
(1) December 31, 2009, and before January 1, 2013, or
(2) December 31, 2012, and before January 1, 2018.

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