[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4623 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 4623

 To repeal tax subsidies for oil and gas enacted by the Energy Policy 
   Act of 2005 and to use the proceeds to double certain alternative 
              energy incentives provided for in such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 17, 2005

   Mr. Kennedy of Minnesota (for himself and Mr. Udall of Colorado) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To repeal tax subsidies for oil and gas enacted by the Energy Policy 
   Act of 2005 and to use the proceeds to double certain alternative 
              energy incentives provided for in such Act.

    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 ``Clean Alternatives for Energy 
Independence Act of 2005''.

SEC. 2. REPEAL OF TAX SUBSIDIES ENACTED BY THE ENERGY POLICY ACT OF 
              2005 FOR OIL AND GAS.

    (a) Repeal.--The following provisions, and amendments made by such 
provisions, of the Energy Policy Act of 2005 are hereby repealed:
            (1) Section 1323 (relating to temporary expensing for 
        equipment used in refining of liquid fuels).
            (2) Section 1324 (relating to pass through to owners of 
        deduction for capital costs incurred by small refiner 
        cooperatives in complying with Environmental Protection Agency 
        sulfur regulations).
            (3) Section 1325 (relating to natural gas distribution 
        lines treated as 15-year property).
            (4) Section 1326 (relating to natural gas gathering lines 
        treated as 7-year property).
            (5) Section 1328 (relating to determination of small 
        refiner exception to oil depletion deduction).
            (6) Section 1329 (relating to amortization of geological 
        and geophysical expenditures).
    (b) Administration of Internal Revenue Code of 1986.--The Internal 
Revenue Code of 1986 shall be applied and administered as if the 
provisions, and amendments, specified in subsection (a) had never been 
enacted.

SEC. 3. INCREASE IN FUEL CELL TAX INCENTIVES FOR RESIDENTIAL AND 
              BUSINESS USES.

    (a) Residential Use.--Subparagraph (C) of section 25D(b)(1) of the 
Internal Revenue Code of 1986 (relating to maximum credit) is amended 
by striking ``$500'' and inserting ``$1,000''.
    (b) Business Use.--
            (1) Increase.--Subparagraph (B) of section (48)(c)(1) of 
        such Code (relating to qualified fuel cell property) is amended 
        by striking ``$500'' and inserting ``$1,000''.
            (2) Extension.--Subparagraph (E) of section (48)(c)(1) of 
        such Code (relating to termination) is amended by striking 
        ``December 31, 2007'' and inserting ``December 31, 2012''.

SEC. 4. ALTERNATIVE MOTOR VEHICLE TAX INCENTIVES.

    (a) Increases in Credit.--
            (1) New qualified fuel cell motor vehicle.--Subsection (b) 
        of section 30B of such Code (relating to new qualified fuel 
        cell motor vehicle credit) is amended--
                    (A) in paragraph (1)--
                            (i) by striking ``$8,000'' in subparagraph 
                        (A) and inserting ``$16,000'',
                            (ii) by striking ``$10,000'' in 
                        subparagraph (B) and inserting ``$20,000'',
                            (iii) by striking ``$20,000'' in 
                        subparagraph (C) and inserting ``$40,000'', and
                            (iv) by striking ``$40,000'' in 
                        subparagraph (D) and inserting ``$80,000'', and
                    (B) in paragraph (2)(A)--
                            (i) by striking ``$1,000'' in clause (i) 
                        and inserting ``$2,000'',
                            (ii) by striking ``$1,500'' in clause (ii) 
                        and inserting ``$3,000'',
                            (iii) by striking ``$2,000'' in clause 
                        (iii) and inserting ``$4,000'',
                            (iv) by striking ``$2,500'' in clause (iv) 
                        and inserting ``$5,000'',
                            (v) by striking ``$3,000'' in clause (v) 
                        and inserting ``$6,000'',
                            (vi) by striking ``$3,500'' in clause (vi) 
                        and inserting ``$7,000'', and
                            (vii) by striking ``$4,000'' in clause 
                        (vii) and inserting ``$8,000''.
            (2) New advanced lean burn technology motor vehicle.--
                    (A) Fuel economy.--The table in clause (i) of 
                section 30B(c)(2)(A) of such Code (relating to fuel 
                economy) is amended--
                            (i) by striking ``$400'' and inserting 
                        ``$800'',
                            (ii) by striking ``$800'' and inserting 
                        ``$1,600'',
                            (iii) by striking ``$1,200'' and inserting 
                        ``$2,400'',
                            (iv) by striking ``$1,600'' and inserting 
                        ``$3,200'',
                            (v) by striking ``$2,000'' and inserting 
                        ``$4,000'', and
                            (vi) by striking ``$2,400'' and inserting 
                        ``$4,800''.
                    (B) Conservation.--The table in subparagraph (B) of 
                section 30B(c)(2) of such Code (relating to 
                conservation credit) is amended--
                            (i) by striking ``$250'' and inserting 
                        ``$500'',
                            (ii) by striking ``$500'' and inserting 
                        ``$1,000'',
                            (iii) by striking ``$750'' and inserting 
                        ``$1,500'', and
                            (iv) by striking ``$1,000'' and inserting 
                        ``$2,000''.
    (b) Expansion of Number of New Qualified Hybrid and Advanced Lean 
Burn Technology Vehicles Eligible for Credit.--Paragraph (2) of section 
30B(f) of such Code (relating to phaseout) is amended by striking 
``60,000'' and inserting ``120,000''.
    (c) Increase in Credit for Alternative Fuel Vehicle Refueling 
Property.--Subsection (b) of section 30C of such Code (relating to 
limitation) is amended--
            (1) in paragraph (1) by striking ``$30,000'' and inserting 
        ``$60,000'', and
            (2) in paragraph (2) by striking ``$1,000'' and inserting 
        ``$2,000''.
    (d) Extensions of Incentives.--
            (1) New qualified fuel cell motor vehicle.--Paragraph (1) 
        of section 30B(j) of such Code (relating to termination) is 
        amended by striking ``December 31, 2014'' and inserting 
        ``December 31, 2019''.
            (2) Alternative fuel vehicle refueling property.--
                    (A) Hydrogen-related property.--Paragraph (1) of 
                section 30C(g) of such Code (relating to termination) 
                is amended by striking ``December 31, 2014'' and 
                inserting ``December 31, 2019''.
                    (B) Other fuels-related property.--Paragraph (2) of 
                section 30C(g) of such Code (relating to termination) 
                is amended by striking ``December 31, 2009'' and 
                inserting ``December 31, 2011''.
    (e) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Energy Policy Act of 
2005 to which they relate.
                                 <all>