S.2510 - A bill to amend the Internal Revenue Code of 1986 to allow a credit for the installation of hydrogen fueling stations and to exclude earnings from hydrogen fuel sales from gross income.108th Congress (2003-2004)
|Sponsor:||Sen. Wyden, Ron [D-OR] (Introduced 06/08/2004)|
|Committees:||Senate - Finance|
|Latest Action:||06/08/2004 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.2510 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in Senate (06/08/2004)
Amends the Internal Revenue Code to allow a tax credit for 50 percent of the cost of a qualified hydrogen-powered vehicle refueling property (defined as depreciable property used for the production, storage, or dispensing of hydrogen fuel into the fuel tank of a motor vehicle) and its installation.
Excludes from gross income amounts attributable to the sale of hydrogen fuel sold at retail for use in a hydrogen fuel cell vehicle.