[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2039 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 2039

 To amend the Internal Revenue Code of 1986 to modify the alternative 
                fuel vehicle refueling property credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2007

  Mr. Levin 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 modify the alternative 
                fuel vehicle refueling property credit.

    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 ``Alternative Fuel Infrastructure Act 
of 2007''.

SEC. 2. MODIFICATION OF ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY 
              CREDIT.

    (a) Increase in Credit Amount.--Section 30C of the Internal Revenue 
Code of 1986 (relating to alternative fuel vehicle refueling property 
credit) is amended--
            (1) by striking ``30 percent'' in subsection (a) and 
        inserting ``50 percent'', and
            (2) by striking ``$30,000'' in subsection (b)(1) and 
        inserting ``$50,000''.
    (b) Extension of Credit.--Subsection (g) section 30C of such Code 
(relating to termination) is amended to read as follows:
    ``(g) Termination of Availability of Credit.--This section shall 
not apply to property placed in service after December 31, 2014.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act, in taxable years ending after such date.
                                 <all>