Fuel Cell Industrial Vehicle Jobs Act of 2010 - Amends the Internal Revenue Code to: (1) continue the maximum dollar amount (i.e., $8,000) of the tax credit for new qualified fuel cell motor vehicles after 2009; and (2) allow such credit for a vehicle which is manufactured primarily to carry or tow loads or materials for commercial or industrial purposes (off-highway vehicles). Increases the amount of such credit for off-highway vehicles that achieve a specified level of electricity generation efficiency.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5174 Introduced in House (IH)]
111th CONGRESS
2d Session
H. R. 5174
To amend the Internal Revenue Code of 1986 to modify the credit for
qualified fuel cell motor vehicles by maintaining the level of credit
for vehicles placed in service after 2009 and by allowing the credit
for certain off-highway vehicles.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 28, 2010
Mr. Tonko 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 modify the credit for
qualified fuel cell motor vehicles by maintaining the level of credit
for vehicles placed in service after 2009 and by allowing the credit
for certain off-highway 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 ``Fuel Cell Industrial Vehicle Jobs
Act of 2010''.
SEC. 2. MODIFICATIONS OF CREDIT FOR QUALIFIED FUEL CELL MOTOR VEHICLES.
(a) Maintenance of $8,000 Credit After 2009.--Subparagraph (A) of
section 30B(b)(1) of the Internal Revenue Code of 1986 (relating to new
qualified fuel cell motor vehicle credit) is amended by striking
``($4,000 in the case of a vehicle placed in service after December 31,
2009)''.
(b) Credit for Certain Off-Highway Vehicles.--Subsection (b) of
section 30B of such Code is amended by adding at the end the following
new paragraph:
``(4) Special rules for certain off-highway vehicles.--
Solely for purposes of this subsection--
``(A) In general.--The term `motor vehicle'
includes any vehicle which is manufactured primarily
for use in carrying or towing loads or materials for
commercial or industrial purposes, whether or not on
public streets, roads, and highways and regardless of
the type of load or material carried or towed. The
preceding sentence shall not include any vehicle
operated exclusively on a rail or rails and any vehicle
operated primarily for recreational purposes.
``(B) Additional credit.--In the case of a vehicle
which is a motor vehicle solely by reason of
subparagraph (A), the amount determined under paragraph
(1) shall be increased by--
``(i) $2,000 if such vehicle's fuel cell
system achieves an electricity generation
efficiency of at least 40 percent but less than
50 percent based on the lower heating value of
the fuel, or
``(ii) $4,000 if such vehicle's fuel cell
system achieves an electricity generation
efficiency of at least 50 percent based on the
lower heating value of the fuel.
``(C) Certain standards not to apply.--Subsection
(h)(10) shall not apply to a vehicle which is a motor
vehicle solely by reason of subparagraph (A).''.
(c) Effective Date.--The amendments made by this section shall
apply to vehicles placed in service after December 31, 2009, in taxable
years ending after such date.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line