H.R.407: Clean Vehicles Incentive Act of 2013

About this Bill

You can read the bill
Sponsor José E. Serrano, D-N.Y.
Total Cosponsors 1 (All Democrats)
Introduced Jan. 23, 2013
Latest Major Action Jan. 23, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Clean Vehicles Incentive Act of 2013 -  Amends the Internal Revenue Code to allow certain businesses located in areas designated as nonattainment areas under the Clean Air Act a general business tax credit for the cost of certain clean-fuel vehicle property and the use of clean-burning fuel. Allows the credit to be taken against regular and alternative minimum tax liabilities. Allows a tax deduction for any unused clean fuel credit amounts.

Allows a new qualified hybrid motor vehicle tax credit for any taxable year after 2012 only for such a vehicle which is placed in service after December 31, 2012, by an eligible business and substantially all of the use of which is in a nonattainment area. Extends such credit to new hybrid vehicles purchased after: (1) December 31, 2009, and before January 1, 2013, or (2) December 31, 2012, and before January 1, 2018.

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 23, 2013 Referred to the House Committee on Ways and Means.