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HR 2269 101th Congress House Taxation Air pollution control equipment Alcohol as fuel Depreciation and amortization Energy policy Energy tax credits Environmental Protection Fuel Income tax Intergovernmental fiscal relations Investment tax credit Liquefied petroleum gas Local finance Motor vehicle pollution control Motor vehicles Natural gas State finance

Alternative Fuels Incentive Act of 1989

Introduced: May 9, 1989 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 1989
Referred to the House Committee on Ways and Means.
May 9, 1989
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now May 9, 1989

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2