S 505 108th Congress Senate

CLEAR Act

Official title: 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 th… Show full official titleShow less

Official title: 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.

Introduced: March 4, 2003 See on congress.gov

Taxation Alcohol as fuelAlternative energy sourcesAutomobile enginesAutomobiles

More subjectsShow fewer subjects

CommerceCompressed natural gasElectric vehiclesEnergyEnvironmental ProtectionFuel cellsFuel consumptionHydrogenIncome taxLiquefied natural gasLiquefied petroleum gasMotor vehicle pollution controlMotor vehicle safetyMotor vehiclesNatural gas vehiclesService stationsTax creditsTax deductionsTax-exempt organizationsTransportation and Public WorksTrucks

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 4, 2003

Read twice and referred to the Committee on Finance.

Mar 4, 2003

Sponsor introductory remarks on measure. (CR S3089-3091)

Mar 4, 2003

Introduced in Senate

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Latest action March 4, 2003

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2003 - Amends the Internal Revenue Code to allow an annual alternative motor vehicle credit equal to the sum of: (1) the new qualified fuel cell motor vehicle credit; (2) the new qualified hybrid motor vehicle credit; and (3) the new qualified alternative fuel motor vehicle credit. Sets forth credit termination dates.

Extends and revises the credit for qualified electric vehicles. Makes leased vehicles eligible for the credit.

Allows a limited credit for installation of alternative fueling stations.

Allows a limited credit for the retail sale of alternative fuels as motor fuel.

Mandates studies.

Related & companion bills 1

Bill text 1 version