117th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to extend and modify the credit for alternative fuel vehicle refueling property.
March 25, 2021
Mr. Carper (for himself, Mr. Burr, Ms. Cortez Masto, and Ms. Stabenow) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to extend and modify the credit for alternative fuel vehicle refueling property.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Securing America's Clean Fuels Infrastructure Act”.
SEC. 2. Extension of credit for alternative fuel vehicle refueling property.
(a) In general.—Subsection (g) of section 30C of the Internal Revenue Code of 1986 is amended by striking “December 31, 2021” and inserting “December 31, 2029”.
(b) Effective date.—The amendments made by this section shall apply to property placed in service after December 31, 2021.
SEC. 3. Modification of credit limitation.
(a) In general.—Subsection (b) of section 30C of the Internal Revenue Code of 1986 is amended—
(1) by striking “with respect to all” and inserting “with respect to any single item of”,
(2) by striking “at a location”, and
(3) in paragraph (1), by striking “$30,000 in the case of a property” and inserting “$200,000 in the case of any such item of property”.
(b) Effective date.—The amendments made by this section shall apply to property placed in service after December 31, 2020.