HR 5973
109th Congress
House
Taxation
Commerce
Energy
Hydrogen
Income tax
Natural gas vehicles
Retail trade
Service stations
Tax credits
Tax exclusion
Transportation and Public Works
Hydrogen Transportation Wins Over Growing Reliance on Oil (H2 GROW) Act
Introduced: July 28, 2006
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2006
Referred to the House Committee on Ways and Means.
Jul 28, 2006
Introduced in House
Plain-English summary
Hydrogen Transportation Wins Over Growing Reliance on Oil (H2 GROW) Act - Amends the Internal Revenue Code to allow a tax credit for 50% of the cost of acquiring and installing qualified hydrogen-powered vehicle refueling property (fuel service stations for the retail sale of hydrogen fuel to the general public). Terminates such credit after 2013.
Excludes income from the sale of hydrogen fuel sold at retail for use in a hydrogen vehicle from taxpayer gross income. Terminates such tax exclusion after 2014.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1