Summary: S.1620 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for S.1620. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (08/06/2009)

Efficient Vehicle Leadership Act of 2009 - Amends the Internal Revenue Code to: (1) allow a new income tax credit for certain fuel-efficient motor vehicles with a purchase price not exceeding $50,000, beginning with model year 2011; (2) allow such credit as an offset against the alternative minimum tax (AMT); and (3) revise the gas guzzler excise tax to impose an increased tax on fuel guzzler motor vehicles, beginning with model year 2013, based on specified fuel efficiency ratings.