II
117th CONGRESS
1st Session
S. 975
IN THE SENATE OF THE UNITED STATES
March 25, 2021
Mr. Carper (for himself, Mr. Burr, Ms. Cortez Masto, and Ms. Stabenow) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to extend and modify the credit for alternative fuel vehicle refueling property.
Short title
This Act may be cited as the Securing America's Clean Fuels Infrastructure Act
.
Extension of credit for alternative fuel vehicle refueling property
In general
Subsection (g) of section 30C of the Internal Revenue Code of 1986 is amended by striking December 31, 2021
and inserting December 31, 2029
.
Effective date
The amendments made by this section shall apply to property placed in service after December 31, 2021.
Modification of credit limitation
In general
Subsection (b) of section 30C of the Internal Revenue Code of 1986 is amended—
by striking with respect to all
and inserting with respect to any single item of
,
by striking at a location
, and
in paragraph (1), by striking $30,000 in the case of a property
and inserting $200,000 in the case of any such item of property
.
Effective date
The amendments made by this section shall apply to property placed in service after December 31, 2020.