H.R.5703 - Green Vehicles Promotion Act of 2006109th Congress (2005-2006)
|Sponsor:||Rep. Meehan, Martin T. [D-MA-5] (Introduced 06/28/2006)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||07/17/2006 Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman . (All Actions)|
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Summary: H.R.5703 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (06/28/2006)
Green Vehicles Promotion Act of 2006 - Amends the Internal Revenue Code to allow tax credits through 2010 for the purchase of a qualified flexible fuel motor vehicle and for the conversion of an existing motor vehicle into a qualified flexible fuel motor vehicle. Defines "qualified flexible fuel vehicle" to include a vehicle using fuel with an 85% ethanol content.
Establishes in the Treasury the Alternative Fueling Infrastructure Trust Fund to create a grant program for the construction and operation of alternative fuel refueling stations. Defines "alternative fuels" to mean: (1) fuels with an 85% ethanol content, liquefied petroleum gas, or hydrogen; or (2) biodiesel mixtures.
Directs the Secretary of Transportation to remit 90% of the civil penalties collected for violations of automobile fuel economy standards to the Trust Fund.