Heavy Duty Hybrid Truck Incentives Improvement Act of 2009

Heavy Duty Hybrid Truck Incentives Improvement Act of 2009 - Amends the Internal Revenue Code to: (1) extend through 2014 the tax credit for the purchase of a new qualified hybrid motor vehicle; (2) increase the incremental cost levels for computing credit amounts for such vehicles; (3) allow a 10% credit for comparable vehicles that achieve an increased city fuel economy; and (4) allow a credit for electric vehicles with a gross vehicle weight rating of not less than 8,500 pounds.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3367 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 3367

  To amend the Internal Revenue Code of 1986 to extend and modify the 
            credit for new qualified hybrid motor vehicles.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2009

   Mr. Levin (for himself, Mr. Blumenauer, Mr. Dingell, Mr. Davis of 
     Alabama, Mr. Kildee, Mr. Peters, and Ms. Linda T. Sanchez of 
 California) 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 extend and modify the 
            credit for new qualified hybrid motor vehicles.

    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 ``Heavy Duty Hybrid Truck Incentives 
Improvement Act of 2009''.

SEC. 2. NEW QUALIFIED HYBRID MOTOR VEHICLE CREDIT.

    (a) Extension.--Subsection (k) of section 30B of the Internal 
Revenue Code of 1986 is amended by striking ``December 31, 2009'' and 
inserting ``December 31, 2014''.
    (b) Qualified Incremental Hybrid Cost.--Clause (iii) of section 
30B(d)(2)(B) of such Code is amended by striking ``does not exceed--'' 
and all that follows and inserting the following:
                        ``does not exceed--
                                    ``(I) $15,000, if such vehicle has 
                                a gross vehicle weight rating of not 
                                more than 14,000 pounds,
                                    ``(II) $30,000, if such vehicle has 
                                a gross vehicle weight rating of more 
                                than 14,000 pounds but not more than 
                                26,000 pounds,
                                    ``(III) $60,000, if such vehicle 
                                has a gross vehicle weight rating of 
                                more than 26,000 pounds but not more 
                                than 33,000 pounds, and
                                    ``(IV) $100,000, if such vehicle 
                                has a gross vehicle weight rating more 
                                than 33,000 pounds.''.
    (c) Applicable Percentage for Heavy Trucks Achieving 20 Percent 
Increase in City Fuel Economy.--Clause (ii) of section 30B(d)(2)(B) of 
such Code is amended by redesignating subclauses (I), (II), and (III) 
as subclauses (II), (III), and (IV), respectively, and by inserting 
before subclause (II) (as so redesignated) the following new subclause:
                                    ``(I) 10 percent in the case of a 
                                vehicle to which clause (iii)(IV) 
                                applies if such vehicle achieves an 
                                increase in city fuel economy relative 
                                to a comparable vehicle of at least 20 
                                percent but less than 30 percent.''.
    (d) Dollar Limitation.--Subparagraph (B) of section 30B(d)(2) of 
such Code is amended by adding at the end the following:
                            ``(vi) Limitation.--The amount allowed as a 
                        credit under subsection (a)(3) with respect to 
                        a vehicle by reason of clause (i) of this 
                        subparagraph shall not exceed $24,000.''.
    (e) Heavy Electric Vehicles.--Paragraph (3) of section 30B(d) of 
such Code is amended by redesignating subparagraphs (B), (C), and (D) 
as subparagraphs (C), (D), and (E), respectively, and by inserting 
after subparagraph (A) the following new subparagraphs:
                    ``(B) Heavy electric vehicles.--In the case of a 
                vehicle with a gross vehicle weight rating of not less 
                than 8,500 pounds, the term `new qualified hybrid motor 
                vehicle' includes a motor vehicle--
                            ``(i) which draws propulsion energy 
                        exclusively from a rechargeable energy storage 
                        system, and
                            ``(ii) which meets the requirements of 
                        clauses (iii), (v), (vi), and (vii) of 
                        subparagraph (A).''.
    (f) Effective Date.--The amendments made by this section shall 
apply to vehicles acquired after December 31, 2009.
                                 <all>