[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3506 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3506

 To amend the Internal Revenue Code of 1986 to increase the credit for 
purchase of vehicles fueled by natural gas or liquefied natural gas and 
  to amend the Safe, Accountable, Flexible, Efficient Transportation 
  Equity Act: A Legacy for Users to reauthorize the Clean School Bus 
            Program of the Environmental Protection Agency.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 17, 2008

Mr. Reid (for Mr. Obama) introduced the following bill; which was read 
             twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the credit for 
purchase of vehicles fueled by natural gas or liquefied natural gas and 
  to amend the Safe, Accountable, Flexible, Efficient Transportation 
  Equity Act: A Legacy for Users to reauthorize the Clean School Bus 
            Program of the Environmental Protection Agency.

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

SECTION 1. INCREASED CREDIT FOR PURCHASE OF VEHICLES FUELED BY NATURAL 
              GAS OR LIQUIFIED NATURAL GAS; EXTENSION OF CREDIT.

    (a) In General.--Subsection (e) of section 30B of the Internal 
Revenue Code of 1986 (relating to new qualified alternative motor 
vehicle credit) is amended by adding at the end the following new 
paragraph:
            ``(6) Increased credit for natural gas vehicles.--
                    ``(A) Increased credit percentage.--In the case of 
                any natural gas vehicle, the applicable percentage 
                under paragraph (2) shall be 100 percent.
                    ``(B) Higher incremental cost limits for fleet 
                purchasers.--In the case of a taxpayer who places in 
                service 100 or more natural gas vehicles during the 
                taxable year, paragraph (3) shall be applied for such 
                year by doubling the amounts contained in such 
                paragraph.
                    ``(C) Natural gas vehicle.--For purposes of this 
                paragraph, the term `natural gas vehicle' means any new 
                qualified alternative fuel motor vehicle fueled by 
                natural gas or liquified natural gas.''.
    (b) Extension of Credit for All New Qualified Alternative Fuel 
Vehicles Through 2017.--Paragraph (4) of section 30B(j) of such Code is 
amended by striking ``December 31, 2010'' and inserting ``December 31, 
2017''.
    (c) Effective Date.--The amendments made by this section shall 
apply to vehicles placed in service after December 31, 2008, in taxable 
years ending after such date.

SEC. 2. CLEAN SCHOOL BUS PROGRAM.

    (a) In General.--Section 6015 of the Safe, Accountable, Flexible, 
Efficient Transportation Equity Act: A Legacy for Users (42 U.S.C. 
16091a) is amended--
            (1) in subsection (b)(5)--
                    (A) in subparagraph (A)--
                            (i) in the subparagraph heading, by 
                        striking ``50'' and inserting ``75''; and
                            (ii) in the matter preceding clause (i), by 
                        striking ``one-half'' and inserting ``75 
                        percent''; and
                    (B) in subparagraph (B)--
                            (i) in the subparagraph heading, by 
                        striking ``25'' and inserting ``50''; and
                            (ii) in the matter preceding clause (i), by 
                        striking ``one-fourth'' and inserting ``50 
                        percent''; and
            (2) in subsection (d)--
                    (A) in paragraph (1), by striking ``and'' at the 
                end;
                    (B) in paragraph (2), by striking ``2008, 2009, and 
                2010.'' and inserting ``2008 and 2009; and''; and
                    (C) by adding at the end the following:
            ``(3) $110,000,000 for each of fiscal years 2010 through 
        2015.''.
    (b) Technical Correction.--Section 741 of the Energy Policy Act of 
2005 (42 U.S.C. 16091) is repealed.

SEC. 3. NATURAL GAS VEHICLES IN FEDERAL FLEET.

    The Administrator of General Services, in consultation with the 
Administrator of the Environmental Protection Agency, shall conduct, 
and submit to Congress a report describing the results of, a study to 
determine whether and the extent to which the number of natural gas 
vehicles in the Federal fleet should be increased.
                                 <all>