US SB1620 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on August 6 2009 - 25% progression, died in chamber
Action: 2009-08-06 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9019-9020)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 6 2009 - 25% progression, died in chamber
Action: 2009-08-06 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9019-9020)
Text: Latest bill text (Introduced) [PDF]
Summary
Efficient Vehicle Leadership Act of 2009 - Amends the Internal Revenue Code to: (1) allow a new income tax credit for certain fuel-efficient motor vehicles with a purchase price not exceeding $50,000, beginning with model year 2011; (2) allow such credit as an offset against the alternative minimum tax (AMT); and (3) revise the gas guzzler excise tax to impose an increased tax on fuel guzzler motor vehicles, beginning with model year 2013, based on specified fuel efficiency ratings.
Title
Efficient Vehicle Leadership Act of 2009
Sponsors
| Sen. Jeff Bingaman [D-NM] | Sen. Dianne Feinstein [D-CA] | Sen. John Kerry [D-MA] | Sen. Richard Lugar [R-IN] |
| Sen. Olympia Snowe [R-ME] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-08-06 | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9019-9020) | |
| 2009-08-06 | Sponsor introductory remarks on measure. (CR S9018-9019) |
Subjects
Energy efficiency and conservation
Income tax credits
Income tax rates
Motor vehicles
Sales and excise taxes
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1620/all-info |
| Text | https://www.congress.gov/111/bills/s1620/BILLS-111s1620is.pdf |
