Home > 107th Congressional Bills > H.R. 1055 (ih) To amend the Federal Deposit Insurance Act and the Truth in Lending Act to prohibit federally insured institutions from engaging in high-cost payday loans, to expand protections for consumers in connection with the making of such loans by u...H.R. 1055 (ih) To amend the Federal Deposit Insurance Act and the Truth in Lending Act to prohibit federally insured institutions from engaging in high-cost payday loans, to expand protections for consumers in connection with the making of such loans by u...
108th CONGRESS
1st Session
H. R. 1054
To amend the Internal Revenue Code of 1986 to encourage and accelerate
the nationwide production, retail sale, and consumer use of new motor
vehicles that are powered by fuel cell technology, hybrid technology,
battery electric technology, alternative fuels, or other advanced motor
vehicle technologies, and for other purposes.
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IN THE HOUSE OF REPRESENTATIVES
March 4, 2003
Mr. Camp (for himself, Mrs. Bono, and Mr. Ramstad) 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 encourage and accelerate
the nationwide production, retail sale, and consumer use of new motor
vehicles that are powered by fuel cell technology, hybrid technology,
battery electric technology, alternative fuels, or other advanced motor
vehicle technologies, 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. SHORT TITLE; ETC.
(a) Short Title.--This Act may be cited as the ``Clean Efficient
Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of
2003''.
(b) Amendment of 1986 Code.--Except as otherwise expressly
provided, whenever in this division an amendment or repeal is expressed
in terms of an amendment to, or repeal of, a section or other
provision, the reference shall be considered to be made to a section or
other provision of the Internal Revenue Code of 1986.
(c) Table of Contents.--The table of contents for this Act is as
follows:
Sec. 1. Short title; etc.
Sec. 2. Findings and purposes.
Sec. 3. Alternative motor vehicle credit.
Sec. 4. Modification of credit for qualified electric vehicles.
Sec. 5. Credit for installation of alternative fueling stations.
Sec. 6. Credit for retail sale of alternative fuels as motor vehicle
fuel.
Sec. 7. Study of effectiveness of certain provisions by GAO.
SEC. 2. FINDINGS AND PURPOSES.
(a) Findings.--Congress finds the following:
(1) The United States is a large and diverse geographic
area that includes densely populated urban and suburban areas
along with large sparsely populated rural areas separated by
long distances, and, as a result, Americans require reliable,
efficient, and diversified modes of transportation.
(2) According to the Energy Information Administration's
(referred to in this section as the ``EIA'') March 2000
publication ``International Energy Outlook'', oil currently
provides a larger share of world energy consumption than any
other energy source and most of the growth in oil consumption
in industrialized countries, including the United States, is
projected for the transportation sector, where few alternatives
are currently economical.
(3) To meet all its national security, economic
development, and public health and welfare needs, the United
States depends on oil as the primary fuel source for the
transportation of people and goods and services in intrastate
and interstate commerce.
(4) Since 1994, the United States has imported over 50
percent of the oil it has consumed and the EIA expects North
American petroleum imports from the Persian Gulf to more than
double over the forecast period of 1997-2020, with additional
imports from offshore Atlantic Basin producers and refiners;
this increasingly heavy reliance on imported oil presents
national security risks, contributes negatively to the balance
of trade of the United States, and adversely affects the United
States economy, public health, and the environment.
(5) The United States currently has 121 areas containing
over a third of its population that do not meet the National
Ambient Air Quality Standards resulting in losses of many
billions of dollars in extra economic costs and lost
opportunities, immeasurable health problems, and a general
reduction in the quality of life for millions of Americans.
(6) Mobile sources have become a top cause of emissions in
the United States.
(7) This heavy reliance on imported oil and failure to meet
the National Ambient Air Quality Standards demonstrate the need
to accelerate development of advanced fuel cell technology,
hybrid technology, battery electric technology, and alternative
fuels technology for new motor vehicles in the transportation
of people and goods and services as an important means of
helping to reverse the trends of increasing dependence on oil
imports and non-attainment of air quality standards,
contributing to lessening national security risks, improving
our balance of trade with other nations, increasing economic
growth, improving health and quality of life for millions of
Americans, and providing public health, welfare, and economic
benefits.
(8) Despite the availability of significant Federal and
private sector funds and programs to encourage technological
advancement for the development and use of motor vehicles that
are powered by fuel cell and hybrid technologies, battery
electric technology, and alternative technologies, consumer
acceptance of such vehicles and fuels has been restrained by 3
major barriers--the increased costs of these technologies, the
cost of alternative fuels, and the lack of adequate
infrastructure to refuel the alternative-fueled vehicles.
(b) Purposes.--The purposes of this Act are to--
(1) help instill consumer confidence and acceptance of
alternative motor vehicles by lowering the 3 major barriers to
this confidence and acceptance;
(2) enable the accelerated introduction into the
marketplace of new motor vehicle technologies without adverse
emission impact, while retaining a policy of fuel neutrality in
order to foster private innovation and commercialization and
allow market forces to decide the technologies and fuels that
are consumer-friendly, safe, environmentally sound, and
economic;
(3) provide, for a limited time period, financial
incentives to encourage consumers nationwide to purchase or
lease new fuel cell, hybrid, battery electric, and alternative
fuel motor vehicles;
(4) increase demand of such vehicles so as to make the
annual production by manufacturers and retail sale of such
vehicles economically and commercially viable for the consumer;
(5) promote and expand the use of such vehicles nationwide;
and
(6) promote a nationwide diversity of motor vehicle fuels
for advanced and hybrid technology and alternatively fueled
motor vehicles.
SEC. 3. ALTERNATIVE MOTOR VEHICLE CREDIT.
(a) In General.--Subpart B of part IV of subchapter A of chapter 1
(relating to foreign tax credit, etc.) is amended by adding at the end
the following new section:
``SEC. 30B. ALTERNATIVE MOTOR VEHICLE CREDIT.
``(a) Allowance of Credit.--There shall be allowed as a credit
against the tax imposed by this chapter for the taxable year an amount
equal to the sum of--
``(1) the new qualified fuel cell motor vehicle credit
determined under subsection (b),
``(2) the new qualified hybrid motor vehicle credit
determined under subsection (c), and
``(3) the new qualified alternative fuel motor vehicle
credit determined under subsection (d).
``(b) New Qualified Fuel Cell Motor Vehicle Credit.--
``(1) In general.--For purposes of subsection (a), the new
qualified fuel cell motor vehicle credit determined under this
subsection with respect to a new qualified fuel cell motor
vehicle placed in service by the taxpayer during the taxable
year is--
``(A) $8,000 ($4,000 in the case of vehicles placed
in service after December 31, 2008), if such vehicle
has a gross vehicle weight rating of not more than
8,500 pounds,
``(B) $10,000, if such vehicle has a gross vehicle
weight rating of more than 8,500 pounds but not more
than 14,000 pounds,
``(C) $20,000, if such vehicle has a gross vehicle
weight rating of more than 14,000 pounds but not more
than 26,000 pounds, and
``(D) $40,000, if such vehicle has a gross vehicle
weight rating of more than 26,000 pounds.
``(2) Increase for fuel efficiency.--
``(A) In general.--The amount determined under
paragraph (1)(A) with respect to a new qualified fuel
cell motor vehicle which is a passenger automobile or
light truck shall be increased by--
``(i) $1,000, if such vehicle achieves at
least 150 percent but less than 175 percent of
the 2002 model year city fuel economy,
``(ii) $1,500, if such vehicle achieves at
least 175 percent but less than 200 percent of
the 2002 model year city fuel economy,
``(iii) $2,000, if such vehicle achieves at
least 200 percent but less than 225 percent of
the 2002 model year city fuel economy,
``(iv) $2,500, if such vehicle achieves at
least 225 percent but less than 250 percent of
the 2002 model year city fuel economy,
``(v) $3,000, if such vehicle achieves at
least 250 percent but less than 275 percent of
the 2002 model year city fuel economy,
``(vi) $3,500, if such vehicle achieves at
least 275 percent but less than 300 percent of
the 2002 model year city fuel economy, and
``(vii) $4,000, if such vehicle achieves at
least 300 percent of the 2002 model year city
fuel economy.
``(B) 2002 model year city fuel economy.--For
purposes of subparagraph (A), the 2002 model year city
fuel economy with respect to a vehicle shall be
determined in accordance with the following tables:
``(i) In the case of a passenger
automobile:
The 2002 model year city
``If vehicle inertia weight class fuel economy is:
is:
1,500 or 1,750 lbs............................ 45.2 mpg
2,000 lbs..................................... 39.6 mpg
2,250 lbs..................................... 35.2 mpg
2,500 lbs..................................... 31.7 mpg
2,750 lbs..................................... 28.8 mpg
3,000 lbs..................................... 26.4 mpg
3,500 lbs..................................... 22.6 mpg
4,000 lbs..................................... 19.8 mpg
4,500 lbs..................................... 17.6 mpg
5,000 lbs..................................... 15.9 mpg
5,500 lbs..................................... 14.4 mpg
6,000 lbs..................................... 13.2 mpg
6,500 lbs..................................... 12.2 mpg
7,000 to 8,500 lbs............................ 11.3 mpg.
``(ii) In the case of a light truck:
The 2002 model year city
``If vehicle inertia weight class fuel economy is:
is:
1,500 or 1,750 lbs............................ 39.4 mpg
2,000 lbs..................................... 35.2 mpg
2,250 lbs..................................... 31.8 mpg
2,500 lbs..................................... 29.0 mpg
2,750 lbs..................................... 26.8 mpg
3,000 lbs..................................... 24.9 mpg
3,500 lbs..................................... 21.8 mpg
4,000 lbs..................................... 19.4 mpg
4,500 lbs..................................... 17.6 mpg
5,000 lbs..................................... 16.1 mpg
5,500 lbs..................................... 14.8 mpg
6,000 lbs..................................... 13.7 mpg
6,500 lbs..................................... 12.8 mpg
7,000 to 8,500 lbs............................ 12.1 mpg.
``(C) Vehicle inertia weight class.--For purposes
of subparagraph (B), the term `vehicle inertia weight
class' has the same meaning as when defined in
regulations prescribed by the Administrator of the
Environmental Protection Agency for purposes of the
administration of title II of the Clean Air Act (42
U.S.C. 7521 et seq.).
``(3) New qualified fuel cell motor vehicle.--For purposes
of this subsection, the term `new qualified fuel cell motor
vehicle' means a motor vehicle--
``(A) which is propelled by power derived from one
or more cells which convert chemical energy directly
into electricity by combining oxygen with hydrogen fuel
which is stored on board the vehicle in any form and
may or may not require reformation prior to use,
``(B) which, in the case of a passenger automobile
or light truck--
``(i) for 2002 and later model vehicles,
has received a certificate of conformity under
the Clean Air Act and meets or exceeds the
equivalent qualifying California low emission vehicle standard under
section 243(e)(2) of the Clean Air Act for that make and model year,
and
``(ii) for 2004 and later model vehicles,
has received a certificate that such vehicle
meets or exceeds the Bin 5 Tier II emission
level established in regulations prescribed by
the Administrator of the Environmental
Protection Agency under section 202(i) of the
Clean Air Act for that make and model year
vehicle,
``(C) the original use of which commences with the
taxpayer,
``(D) which is acquired for use or lease by the
taxpayer and not for resale, and
``(E) which is made by a manufacturer.
``(c) New Qualified Hybrid Motor Vehicle Credit.--
``(1) In general.--For purposes of subsection (a), the new
qualified hybrid motor vehicle credit determined under this
subsection with respect to a new qualified hybrid motor vehicle
placed in service by the taxpayer during the taxable year is
the credit amount determined under paragraph (2).
``(2) Credit amount.--
``(A) In general.--The credit amount determined
under this paragraph shall be determined in accordance
with the following tables:
``(i) In the case of a new qualified hybrid
motor vehicle which is a passenger automobile,
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