II 112th CONGRESS 1st Session S. 1602 IN THE SENATE OF THE UNITED STATES September 22, 2011 Mr. Crapo (for himself, Ms. Cantwell, Mr. Risch, and Mr. Wyden) 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 expand the technologies through which a vehicle qualifies for the credit for new qualified plug-in electric drive motor vehicles.

1.

Short title

This Act may be cited as the Changing How America Reduces Greenhouse Emissions (CHARGE) Act.

2.

Credit for new qualified plug-in electric drive motor vehicles allowed for vehicles with alternative electrical energy storage devices

(a)

Credit allowed for new technology

(1)

In general

Subparagraph (F) of section 30D(d)(1) of the Internal Revenue Code of 1986 is amended— (A)by striking battery and inserting power source, and (B)in clause (i), by inserting (or, in the case of a power source which is not a battery, the appropriate energy equivalent to such capacity, as determined by the Secretary) after 4 kilowatt hours. (2)

Conforming amendment

Subsection (d) of section 30D of such Code is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph: (4)

Power source

The term power source includes a battery or an alternative electrical energy storage device. . (b)

Amount of credit

(1)

In general

Paragraph (3) of section 30D(b) of the Internal Revenue Code of 1986 is amended by inserting at the end the following new sentence: In the case of any new qualified plug-in electric drive motor vehicle which uses a power source other than a battery, this first sentence of this paragraph shall be applied by substituting the appropriate energy equivalent measurement for the number of kilowatt hours.. (2)

Conforming amendment

The heading of paragraph (3) of section 30D(b) of such Code is amended by striking Battery capacity and inserting Capacity. (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.