S 2510
108th Congress
Senate
Taxation
Commerce
Energy
Hydrogen
Income tax
Natural gas vehicles
Retail trade
Service stations
Tax credits
Tax exclusion
Transportation and Public Works
A bill to amend the Internal Revenue Code of 1986 to allow a credit for the installation of hydrogen fueling stations and to exclude earnings from hydrogen fuel sales from gross income.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2004
Read twice and referred to the Committee on Finance.
Jun 8, 2004
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow a tax credit for 50 percent of the cost of a qualified hydrogen-powered vehicle refueling property (defined as depreciable property used for the production, storage, or dispensing of hydrogen fuel into the fuel tank of a motor vehicle) and its installation.
Excludes from gross income amounts attributable to the sale of hydrogen fuel sold at retail for use in a hydrogen fuel cell vehicle.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1