[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 209 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 209

  To amend the Internal Revenue Code of 1986 to modify and extend the 
     credit for alternative motor vehicles, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 12, 2009

  Mrs. Boxer 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 modify and extend the 
     credit for alternative motor vehicles, and for other purposes.

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

SECTION 1. EXTENSION AND MODIFICATION OF THE ALTERNATIVE MOTOR VEHICLE 
              CREDIT.

    (a) Extension.--Subsection (j) of section 30B of the Internal 
Revenue Code of 1986 (relating to termination) is amended--
            (1) by striking ``December 31, 2010'' each place it appears 
        in paragraphs (2) and (4) and inserting ``December 31, 2012'', 
        and
            (2) by striking ``December 31, 2009'' in paragraph (3) and 
        inserting ``December 31, 2012''.
    (b) Modification of Credit Amount.--Paragraph (2) of section 30B(c) 
of the Internal Revenue Code of 1986 (relating to credit amount) is 
amended--
            (1) by striking ``$2,400'' in the table contained in 
        subparagraph (A)(i) and inserting ``$2,700'', and
            (2) by striking ``$1,000'' in the table contained in 
        subparagraph (B) and inserting ``$1,300''.
    (c) Termination of Limitation on Number of Vehicles Eligible for 
Credit.--Section 30B of the Internal Revenue Code of 1986 is amended by 
striking subsection (f).
    (d) Limitation on Adjusted Gross Income of Individuals Claiming 
Credit.--Section 30B of the Internal Revenue Code of 1986, as amended 
by subsection (c), is amended by inserting after subsection (e) the 
following new subsection:
    ``(f) Limitation Based on Adjusted Gross Income.--In the case of an 
individual, no credit shall be allowed under this section for the 
taxable year if the taxpayer's adjusted gross income for the preceding 
taxable year exceeds $100,000 ($200,000 in the case of a joint 
return).''.
    (e) 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.
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