H.R.4623 - Clean Alternatives for Energy Independence Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Kennedy, Mark R. [R-MN-6] (Introduced 12/17/2005)|
|Committees:||House - Ways and Means|
|Latest Action:||05/02/2006 Sponsor introductory remarks on measure. (CR H1956) (All Actions)|
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Summary: H.R.4623 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (12/17/2005)
Clean Alternatives for Energy Independence Act of 2005 - Repeals certain tax benefits relating to oil and natural gas enacted by the Energy Policy Act of 2005.
Amends the Internal Revenue Code to increase: (1) the tax credit for investment in residential and business fuel cell property; (2) the tax credit for investment in fuel cell motor and advanced lean burn technology motor vehicles; (3) the number of hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle tax credit; and (4) the tax credit for investment in commercial and residential alternative fuel vehicle refueling property. Extends through 2012 the tax credit for business fuel cell property.
Extends through 2019 the tax credits for: (1) investment in qualified fuel cell motor vehicles; (2) investment in alternative fuel vehicle refueling hydrogen-related property (through 2011 for other fuel-related property).