I 111th CONGRESS 1st Session H. R. 3367 IN THE HOUSE OF REPRESENTATIVES July 28, 2009 Mr. Levin (for himself, Mr. Blumenauer, Mr. Dingell, Mr. Davis of Alabama, Mr. Kildee, Mr. Peters, and Ms. Linda T. Sánchez of California) 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 extend and modify the credit for new qualified hybrid motor vehicles.

1.

Short title

This Act may be cited as the Heavy Duty Hybrid Truck Incentives Improvement Act of 2009.

2.

New qualified hybrid motor vehicle credit

(a)

Extension

Subsection (k) of section 30B of the Internal Revenue Code of 1986 is amended by striking December 31, 2009 and inserting December 31, 2014. (b)

Qualified incremental hybrid cost

Clause (iii) of section 30B(d)(2)(B) of such Code is amended by striking does not exceed— and all that follows and inserting the following: does not exceed—(I)$15,000, if such vehicle has a gross vehicle weight rating of not more than 14,000 pounds, (II)$30,000, if such vehicle has a gross vehicle weight rating of more than 14,000 pounds but not more than 26,000 pounds, (III)$60,000, if such vehicle has a gross vehicle weight rating of more than 26,000 pounds but not more than 33,000 pounds, and (IV)$100,000, if such vehicle has a gross vehicle weight rating more than 33,000 pounds. . (c)

Applicable percentage for heavy trucks achieving 20 percent increase in city fuel economy

Clause (ii) of section 30B(d)(2)(B) of such Code is amended by redesignating subclauses (I), (II), and (III) as subclauses (II), (III), and (IV), respectively, and by inserting before subclause (II) (as so redesignated) the following new subclause: (I)10 percent in the case of a vehicle to which clause (iii)(IV) applies if such vehicle achieves an increase in city fuel economy relative to a comparable vehicle of at least 20 percent but less than 30 percent. . (d)

Dollar limitation

Subparagraph (B) of section 30B(d)(2) of such Code is amended by adding at the end the following: (vi)

Limitation

The amount allowed as a credit under subsection (a)(3) with respect to a vehicle by reason of clause (i) of this subparagraph shall not exceed $24,000. . (e)

Heavy electric vehicles

Paragraph (3) of section 30B(d) of such Code is amended by redesignating subparagraphs (B), (C), and (D) as subparagraphs (C), (D), and (E), respectively, and by inserting after subparagraph (A) the following new subparagraphs: (B)

Heavy electric vehicles

In the case of a vehicle with a gross vehicle weight rating of not less than 8,500 pounds, the term new qualified hybrid motor vehicle includes a motor vehicle— (i)which draws propulsion energy exclusively from a rechargeable energy storage system, and (ii)which meets the requirements of clauses (iii), (v), (vi), and (vii) of subparagraph (A). . (f)

Effective date

The amendments made by this section shall apply to vehicles acquired after December 31, 2009.