3.0.0 2267 2022-12-31T05:26:01Z 2022-12-31T05:26:01Z Senate S 2021-06-24 117 ssfi00 Finance Committee Senate Standing Referred to 2021-06-24T18:38:29Z 2021-06-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-06-24 Introduced in Senate IntroReferral 10000 9 Library of Congress K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN N E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2021-06-24 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2021-07-13 False Taxation Taxation 00 2021-06-24 Introduced in Senate 2022-07-12T12:38:39Z Clean Fuels Vehicle Act of 2021

This bill allows a new business-related tax credit through 2031 for the production of flexible fuel vehicles (i.e., motor vehicles engineered and designed to be operated on a petroleum fuel and on a methanol or ethanol fuel, or on any mixtures of such fuels). The amount of such credit in a taxable year is equal to the product of $200, and the number of vehicles produced and sold by the taxpayer to an unrelated person in the United States.

The bill also repeals limitations on manufacturing incentives for dual fuel automobiles and repeals the maximum fuel economy increase for alternative fuel automobiles.

]]> Clean Fuels Vehicle Act of 2021 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for the production of flexible fuel vehicles, and to amend title 49, United States Code, to restore certain flexible fuel vehicle credits. Introduced in Senate IS Display Title Clean Fuels Vehicle Act of 2021 Short Title(s) as Introduced Clean Fuels Vehicle Act of 2021 Introduced in Senate IS Introduced in Senate 2021-06-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2267is/xml/BILLS-117s2267is.xml 2021-06-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.