H.R.1864 - Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Camp, Dave [R-MI-4] (Introduced 05/16/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||05/16/2001 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.1864 — 107th Congress (2001-2002)All Information (Except Text)
Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2001 - Amends the Internal Revenue Code to allow an annual alternative motor vehicle credit equal to the sum of: (1) the new qualified fuel cell motor vehicle credit; (2) the new qualified hybrid motor vehicle credit; and (3) the new qualified alternative fuel motor vehicle credit. Sets forth credit termination dates.
Introduced in House (05/16/2001)
Extends and revises the credit for qualified electric vehicles. Makes leased vehicles eligible for the credit.
Allows (through 2007) an alternative fuel retail sales credit of 50 cents per gallon to a qualifying retailer.
Extends and revises the deduction for certain clean fuel vehicles and refueling property.
Allows (through 2007) a credit for the installation of residential or retail clean-fuel vehicle refueling property.