Alternative Fuels Incentive Act of 1989
Official title: To amend the Internal Revenue Code of 1986 to allow an investment tax credit for vehicles fueled by clean-burning substances, for converting vehicles to be so fueled, and for other purposes.
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Referred to the House Committee on Ways and Means.
Alternative Fuels Incentive Act of 1989 - Amends the Internal Revenue Code to permit an income tax credit for investments in qualified clean-burning (natural gas, liquefied petroleum gas, or alcohol) motor vehicle fuel property. Permits a 20 percent credit from 1990 through 1999, phasing out the credit in five percent increments annually thereafter to reach zero percent at the end of 2002. Applies the credit to depreciable property that is: (1) equipment designed either to modify a motor vehicle so that it will be propelled only be a clean-burning fuel or to assist in delivering such fuel into such vehicles; or (2) a motor vehicle propelled by clean-burning fuel.
Authorizes the Secretary of the Treasury to make credit-equivalent payments to States and to local governments in connection with qualified property.
- Introduced in House Formatted Text
Cite this page
U.S. Congress. (2026). H.R. 2269: Alternative Fuels Incentive Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-2269/
"H.R. 2269: Alternative Fuels Incentive Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-2269/.
H.R. 2269, 101st Cong. (2026), https://openamerica.io/bill/101-HR-2269/.
[H.R. 2269: Alternative Fuels Incentive Act of 1989](https://openamerica.io/bill/101-HR-2269/)