[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 1230 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                S. 1230

To amend the Internal Revenue Code of 1986 to encourage the production 
        and use of clean-fuel vehicles, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 16, 1999

  Mrs. Boxer introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to encourage the production 
        and use of clean-fuel vehicles, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

    (a) Short Title.--This Act may be cited as the ``Electric Vehicle 
Consumer Incentive Tax Act of 1999''.
    (b) Reference to 1986 Code.--Except as otherwise expressly 
provided, whenever in this Act an amendment or repeal is expressed in 
terms of an amendment to, or repeal of, a section or other provision, 
the reference shall be considered to be made to a section or other 
provision of the Internal Revenue Code of 1986.

SEC. 2. GOVERNMENTAL USE RESTRICTION MODIFIED FOR ELECTRIC VEHICLES.

    (a) In General.--Paragraph (3) of section 30(d) (relating to 
special rules) is amended by inserting ``(without regard to paragraph 
(4)(A)(i) thereof)'' after ``section 50(b)''.
    (b) Conforming Amendment.--Paragraph (5) of section 179A(e) 
(relating to other definitions and special rules) is amended by 
inserting ``(without regard to paragraph (4)(A)(i) thereof in the case 
of a qualified electric vehicle described in subclause (I) or (II) of 
subsection (b)(1)(A)(iii) of this section)'' after ``section 50(b)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service on or after the date of enactment 
of this Act.

SEC. 3. LARGE ELECTRIC TRUCKS, VANS, AND BUSES ELIGIBLE FOR DEDUCTION 
              FOR CLEAN-FUEL VEHICLES.

    (a) In General.--Paragraph (3) of section 179A(c) (defining 
qualified clean-fuel vehicle property) is amended by inserting ``, 
other than any vehicle described in subclause (I) or (II) of subsection 
(b)(1)(A)(iii)'' after ``section 30(c))''.
    (b) Denial of Credit.--Subsection (c) of section 30 (relating to 
credit for qualified electric vehicles) is amended by adding at the end 
the following new paragraph:
            ``(3) Denial of credit for vehicles for which deduction 
        allowable.--The term `qualified electric vehicle' shall not 
        include any vehicle described in subclause (I) or (II) of 
        section 179A(b)(1)(A)(iii).''
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service on or after the date of enactment 
of this Act.

SEC. 4. ELECTRIC VEHICLE CREDIT AMOUNT AND APPLICATION AGAINST 
              ALTERNATIVE MINIMUM TAX.

    (a) In General.--Subsection (a) of section 30 (relating to credit 
for qualified electric vehicles) is amended by striking ``10 percent 
of''.
    (b) Application Against Alternative Minimum Tax.--Section 30(b) 
(relating to limitations) is amended by striking paragraph (3).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1998.

SEC. 5. EXTENSION OF CREDIT FOR QUALIFIED ELECTRIC VEHICLES.

    (a) In General.--Section 30(e) (relating to the termination of the 
credit) is amended by striking ``December 31, 2004'' and inserting 
``December 31, 2008''.
    (b) Conforming Amendment.--Section 30(b)(2) (relating to the 
phaseout of the credit) is amended by striking ``December 31, 2001'' 
and inserting ``December 31, 2005'' and by striking ``2002'', ``2003'', 
and ``2004'' and inserting ``2006'', ``2007'', and ``2008'', 
respectively.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
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