109 HR 5239 IH: Alternative Vehicle Incentive Act of 2006 U.S. House of Representatives 2006-04-27 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.

I 109th CONGRESS 2d Session H. R. 5239 IN THE HOUSE OF REPRESENTATIVES April 27, 2006 Mr. McHugh 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 increase the credit for certain alternative motor vehicles assembled in the United States.

1.

Short title

This Act may be cited as the Alternative Vehicle Incentive Act of 2006.

2.

Increased credit amount for alternative motor vehicles assembled in the United States

(a)

Increased credit amount

(1)

New qualified fuel cell motor vehicle credit

Subsection (b) of section 30B of the Internal Revenue Code of 1986 (relating to alternative motor vehicle credit) is amended by inserting at the end the following new paragraph: (4)

Domestic assembly increase

The amount determined under paragraph (1) with respect to a new qualified fuel cell motor vehicle which is assembled in the United States shall be increased by $5,000.. (2)

New advanced lean burn technology motor vehicle credit

Subsection (c)(2) of such section of such Code is amended by inserting at the end the following new subparagraph: (C)

Domestic assembly increase

The amount determined under this paragraph with respect to a new advanced lean burn technology motor vehicle which is assembled in the United States shall be increased by $5,000.. (3)

New qualified hybrid motor vehicle credit

Subsection (d)(2) of such section of such credit is amended by inserting at the end the following new subparagraph: (C)

Domestic assembly increase

The amount determined under this paragraph with respect to a new qualified hybrid motor vehicle which is assembled in the United States shall be increased by $5,000.. (4)

New qualified alternative fuel motor vehicle credit

Subsection (e) of such section of such Code is amended by inserting at the end the following new paragraph: (6)

Domestic assembly increase

The amount determined under paragraph (1) with respect to a new advanced qualified alternative fuel motor vehicle which is assembled in the United States shall be increased by $5,000.. (b)

No limitation on number of new qualified hybrid and advanced lean-burn technology vehicles eligible for credit

Section 30B of such Code is amended by striking subsection (f). (c)

Effective date

The amendments made by this section shall take effect as if included in section 1341 of the Energy Policy Act of 2005.