US SB1417 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 26 2011 - 25% progression, died in committee
Action: 2011-07-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Fuel Cell Industrial Vehicle Jobs Act of 2011 - Amends the Internal Revenue Code to: (1) allow a $4,000 new qualified fuel cell motor vehicle tax credit for motor vehicles weighing not more than 8,500 pounds that are manufactured primarily for use in carrying or towing loads or materials for commercial or industrial purposes (off-highway vehicles); (2) continue the maximum dollar amount of $8,000 for motor vehicles with at least 4 wheels weighing not more than 8,500 pounds that are manufactured primarily for use on public streets, roads and highways; (3) allow an enhanced credit for light (not more than 8,500 pounds) and heavy (more than 8,500 pounds) vehicles if such vehicles' fuel cell systems achieve a specified electricity generation efficiency rating; and (4) allow a new energy tax credit, through December 31, 2016, for qualified fuel cell property that is manufactured for use in powering qualified motive property. Defines "qualified motive property" as property which is manufactured primarily for carrying loads or materials for commercial or industrial purposes not on public streets, road, highways, or rails or operated primarily for recreational purposes.

Tracking Information

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Title

Fuel Cell Industrial Vehicle Jobs Act of 2011

Sponsors


History

DateChamberAction
2011-07-26SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1659 (Same As) 2011-04-15 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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