[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 799 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 799

 To amend the Internal Revenue Code of 1986 to provide incentives for 
     the production of motor vehicles powered by alternative fuels.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 2003

  Mr. Filner introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide incentives for 
     the production of motor vehicles powered by alternative fuels.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Putting the Pedal to the Metal: 
Accelerating the Energy Independence of America Act of 2003''.

SEC. 2. CREDIT FOR MANUFACTURE OF MOTOR VEHICLES POWERED BY ALTERNATIVE 
              FUELS.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by adding at the end the following:

``SEC. 45G. CREDIT FOR MANUFACTURE OF MOTOR VEHICLES POWERED BY 
              ALTERNATIVE FUELS.

    ``(a) General Rule.--For purposes of section 38, the alternative 
fuel vehicle manufacturing credit is the applicable percentage of the 
aggregate amount paid or incurred by the taxpayer during the taxable 
year for the manufacture or production of motor vehicles.
    ``(b) Applicable Percentage.--For purposes of this section, the 
term `applicable percentage' means the percentage which the number of 
alternative fuel motor vehicles manufactured by the taxpayer during the 
taxable year bears to the total number of motor vehicles manufactured 
by the taxpayer during such year.
    ``(c) Alternative Fuel Motor Vehicles.--For purposes of this 
section, the term `alternative fuel motor vehicle' means a motor 
vehicle (as defined by section 30(c)(2))--
            ``(1) which the Secretary of Energy, the Secretary of 
        Transportation, and the Administrator of the Environmental 
        Protection Agency, determine jointly to meet the requirements 
        of the Clean Air Act and any other applicable provision of law, 
        and
            ``(2) which operates only on fuel which is not gasoline, 
        diesel fuel, or kerosene.
    ``(d) Denial of Double Benefit.--No deduction or other credit shall 
be allowed under this chapter for any amount taken into account in 
determining the credit under this section.
    ``(e) Election Not to Claim Credit.--This section shall not apply 
to a taxpayer for any taxable year if such taxpayer elects to have this 
section not apply for such taxable year.''.
    (b) Conforming Amendments.--
            (1) Section 38(b) of such Code is amended by striking 
        ``plus'' at the end of paragraph (14), by striking the period 
        at the end of paragraph (15) and inserting ``, plus'', and by 
        adding at the end the following:
            ``(16) the alternative fuel vehicle manufacturing credit 
        determined under section 45G.''.
            (2) The table of sections for subpart D of part IV of 
        subchapter A of chapter 1 of such Code is amended by adding at 
        the end the following:

                              ``Sec. 45G. Credit for manufacture of 
                                        motor vehicles powered by 
                                        alternative fuels.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2002.
                                 <all>