110 HR 2039 IH: Alternative Fuel Infrastructure Act of 2007 U.S. House of Representatives 2007-04-25 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 110th CONGRESS 1st Session H. R. 2039 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.

1.

Short title

This Act may be cited as the Alternative Fuel Infrastructure Act of 2007.

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.