S.3506 - A bill to amend the Internal Revenue Code of 1986 to increase the credit for purchase of vehicles fueled by natural gas or liquefied natural gas and to amend the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users to reauthorize the Clean School Bus Program of the Environmental Protection Agency.110th Congress (2007-2008)
|Sponsor:||Sen. Obama, Barack [D-IL] (Introduced 09/17/2008)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 09/17/2008 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: S.3506 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in Senate (09/17/2008)
Amends the Internal Revenue Code to: (1) increase the percentage rate of the tax credit for the purchase of alternative fuel motor vehicles fueled by natural gas or liquefied natural gas; and (2) extend through 2017 the tax credit for new qualified alternative fuel vehicles.
Amends the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users to: (1) increase the percentages for grant funding to replace school buses under the clean school bus program; and (2) increase and extend funding for such program for FY2010-FY2015.
Requires the Administrator of the General Services Administration (GSA) to study and report to Congress on increasing the number of natural gas vehicles in the federal fleet.