Alternative Vehicle Incentive Act of 2006

Alternative Vehicle Incentive Act of 2006 - Amends the Internal Revenue Code to increase by $5,000 the tax credit for fuel cell, advanced lean burn technology, hybrid, and alternative fuel motor vehicles which are assembled in the United States. Repeals limitations on the number of hybrid and advanced lean burn technology motor vehicles eligible for the tax credit.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5239 Introduced in House (IH)]







109th CONGRESS
  2d Session
                                H. R. 5239

 To amend the Internal Revenue Code of 1986 to increase the credit for 
   certain alternative motor vehicles assembled in the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 27, 2006

  Mr. McHugh introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the credit for 
   certain alternative motor vehicles assembled in the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Alternative Vehicle Incentive Act of 
2006''.

SEC. 2. INCREASED CREDIT AMOUNT FOR ALTERNATIVE MOTOR VEHICLES 
              ASSEMBLED IN THE UNITED STATES.

    (a) Increased Credit Amount.--
            (1) New qualified fuel cell motor vehicle credit.--
        Subsection (b) of section 30B of the Internal Revenue Code of 
        1986 (relating to alternative motor vehicle credit) is amended 
        by inserting at the end the following new paragraph:
            ``(4) Domestic assembly increase.--The amount determined 
        under paragraph (1) with respect to a new qualified fuel cell 
        motor vehicle which is assembled in the United States shall be 
        increased by $5,000.''.
            (2) New advanced lean burn technology motor vehicle 
        credit.--Subsection (c)(2) of such section of such Code is 
        amended by inserting at the end the following new subparagraph:
                    ``(C) Domestic assembly increase.--The amount 
                determined under this paragraph with respect to a new 
                advanced lean burn technology motor vehicle which is 
                assembled in the United States shall be increased by 
                $5,000.''.
            (3) New qualified hybrid motor vehicle credit.--Subsection 
        (d)(2) of such section of such credit is amended by inserting 
        at the end the following new subparagraph:
                    ``(C) Domestic assembly increase.--The amount 
                determined under this paragraph with respect to a new 
                qualified hybrid motor vehicle which is assembled in 
                the United States shall be increased by $5,000.''.
            (4) New qualified alternative fuel motor vehicle credit.--
        Subsection (e) of such section of such Code is amended by 
        inserting at the end the following new paragraph:
            ``(6) Domestic assembly increase.--The amount determined 
        under paragraph (1) with respect to a new advanced qualified 
        alternative fuel motor vehicle which is assembled in the United 
        States shall be increased by $5,000.''.
    (b) No Limitation on Number of New Qualified Hybrid and Advanced 
Lean-Burn Technology Vehicles Eligible for Credit.--Section 30B of such 
Code is amended by striking subsection (f).
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in section 1341 of the Energy Policy Act of 2005.
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