H.R.1054 - Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2003108th Congress (2003-2004)
|Sponsor:||Rep. Camp, Dave [R-MI-4] (Introduced 03/04/2003)|
|Committees:||House - Ways and Means|
|Latest Action:||03/04/2003 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.1054 — 108th Congress (2003-2004)All Bill Information (Except Text)
Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2003 - 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 (03/04/2003)
Extends and revises the credit for qualified electric vehicles. Makes leased vehicles eligible for the credit.
Allows a limited credit for installation of alternative fueling stations.
Allows a limited credit for the retail sale of alternative fuels as motor fuel.