Hybrid and Electric Trucks and Infrastructure Act - Amends the Internal Revenue Code to: (1) increase and extend through 2015 the tax credit for new qualified hybrid motor vehicles; (2) allow such credit for certain fuel-efficient heavy trucks and heavy electric vehicles; (3) extend through 2014 the tax credit for alternative fuel vehicle refueling property expenditures; (4) expand the definition of refueling property for electric motor vehicles to include panel upgrades, wiring, conduit, trenching, pedestals, and related equipment; and (5) allow a new tax credit, through 2014, for 50% of the cost, up to $3,500, for electric idling reduction devices installed on heavy-duty diesel powered on-highway vehicles.
Directs the Secretary of Energy to publish standards for certifying idling reduction devices.
[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1285 Introduced in Senate (IS)]
112th CONGRESS
1st Session
S. 1285
To amend the Internal Revenue Code of 1986 to extend and modify the
credit for new qualified hybrid motor vehicles, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 28, 2011
Mr. Kohl (for himself and Mr. Blunt) 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 new qualified hybrid motor vehicles, and for other purposes.
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 ``Hybrid and Electric Trucks and
Infrastructure Act''.
SEC. 2. EXTENSION AND MODIFICATION OF NEW QUALIFIED HYBRID MOTOR
VEHICLE CREDIT.
(a) Extension.--Paragraph (3) of section 30B(k) of the Internal
Revenue Code of 1986 is amended--
(1) by striking ``after'',
(2) by inserting ``after'' before ``December'' each place
it appears in paragraphs (1), (2), and (4), and
(3) in paragraph (3), by striking ``subsection (e)),
December 31, 2009, and'' and inserting ``subsection (e))--
``(A) after December 31, 2009 and before the date
of the enactment of the Hybrid and Electric Trucks and
Infrastructure Act, and
``(B) before December 31, 2015, and''.
(b) Qualified Incremental Hybrid Cost.--Clause (iii) of section
30B(d)(2)(B) of the Internal Revenue Code of 1986 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
the Internal Revenue Code of 1986 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
the Internal Revenue Code of 1986 is amended by adding at the end the
following new clause:
``(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
the Internal Revenue Code of 1986 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) Credits May Be Transferred.--Subsection (d) of section 30B of
the Internal Revenue Code of 1986 is amended by adding at the end the
following new paragraph:
``(4) Transferability of credit.--
``(A) In general.--A taxpayer who places in service
any vehicle may transfer the credit allowed under this
subsection with respect to such vehicle through an
assignment to the seller of such vehicle. Such transfer
may be revoked only with the consent of the Secretary.
``(B) Regulations.--The Secretary shall prescribe
such regulations as necessary to ensure that any credit
transferred under subparagraph (A) is claimed once and
not reassigned by such other person.''.
(g) Effective Date.--The amendments made by this section shall
apply to vehicles acquired after the date of the enactment of this Act.
SEC. 3. EXTENSION OF ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY
CREDIT.
(a) In General.--Paragraph (2) of section 30C(g) of the Internal
Revenue Code of 1986 is amended by striking ``2011'' and inserting
``2014''.
(b) Extension of Increased Credit.--Paragraph (6) of section 30C(e)
of the Internal Revenue Code of 1986 is amended--
(1) by striking ``in taxable years beginning after December
31, 2008, and before January 1, 2011'' and inserting ``after
the date of the enactment of the Hybrid and Electric Trucks and
Infrastructure Act and before January 1, 2015''; and
(2) by striking ``property placed in service during 2009
and 2010'' in the heading and inserting ``certain property
placed in service before 2015''.
(c) Definition of Alternative Fuel Vehicle Refueling Property in
the Case of Electricity.--Subparagraph (B) of section 179A(d)(3) of the
Internal Revenue Code of 1986 is amended to read as follows:
``(B) for the recharging of motor vehicles
propelled by electricity, including electrical panel
upgrades, wiring, conduit, trenching, pedestals, and
related equipment.''.
(d) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of the enactment of
this Act.
SEC. 4. TAX CREDIT FOR ELECTRIFICATION TECHNOLOGIES TO REDUCE TRUCK
IDLING.
(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to business-related
credits) is amended by adding at the end the following new section:
``SEC. 45S. IDLING REDUCTION CREDIT.
``(a) General Rule.--For purposes of section 38, the idling
reduction tax credit determined under this section for the taxable year
is an amount equal to 50 percent of the amount paid or incurred for the
purchase and installation of each qualifying idling reduction device or
qualifying idle reduction infrastructure placed in service by the
taxpayer during the taxable year.
``(b) Limitation.--The maximum amount allowed as a credit under
subsection (a) shall not exceed $3,500 per device or per qualifying
infrastructure.
``(c) Definitions.--For purposes of subsection (a)--
``(1) Qualifying idling reduction device.--The term
`qualifying idling reduction device' means any device or system
of devices which--
``(A) is installed on a heavy-duty diesel powered
on-highway vehicle;
``(B) is designed to provide to such vehicle those
services (such as heat, air conditioning, or
electricity) that would otherwise require the operation
of the main drive engine while the vehicle is
temporarily parked or remains stationary using either--
``(i) an all electric unit, such as a
battery powered unit or from grid-supplied
electricity; or
``(ii) a dual fuel unit powered by diesel
or other fuels, and capable of providing such
services from grid-supplied electricity or on-
truck batteries alone;
``(C) the original use of which commences with the
taxpayer;
``(D) is acquired for use by the taxpayer; and
``(E) is certified by the Secretary of Energy, in
consultation with the Administrator of the
Environmental Protection Agency and the Secretary of
Transportation, to reduce long-duration idling of such
vehicle at a motor vehicle rest stop or other location
where such vehicles are temporarily parked or remain
stationary.
``(2) Heavy-duty diesel-powered on-highway vehicle.--The
term `heavy-duty diesel-powered on-highway vehicle' means any
vehicle, machine, tractor, trailer, or semi-trailer propelled
or drawn by mechanical power and used upon the highways in the
transportation of passengers or property, or any combination
thereof determined by the Federal Highway Administration.
``(3) Long duration idling.--The term `long duration
idling' means the operation of a main drive engine, for a
period greater than 15 consecutive minutes, where the main
drive engine is not engaged in gear. Such term does not apply
to routine stoppages associated with traffic movement or
congestion.
``(4) Qualifying idle reduction infrastructure.--The term
`qualifying idle reduction infrastructure' means off-truck
equipment--
``(A) which is to be used exclusively with respect
to vehicles with a gross vehicle weight rating of
14,000 pounds or greater; and
``(B) which either--
``(i) is used to supply electric power,
including electric receptacles, boxes, wiring,
conduit, and other connections to one truck
space; or
``(ii) directly provides air conditioning,
heating, electric power, and other connections
and services to one truck space.
``(d) No Double Benefit.--For purposes of this section--
``(1) Reduction in basis.--If a credit is determined under
this section with respect to any property by reason of
expenditures described in subsection (a), the basis of such
property shall be reduced by the amount of the credit so
determined.
``(2) Other deductions and credits.--No deduction or credit
shall be allowed under any other provision of this chapter with
respect to the amount of the credit determined under this
section.
``(e) Election Not To Claim Credit.--This section shall not apply
to a taxpayer for any taxable year if such taxpayer elects to have this
section not apply for such taxable year.
``(f) Termination.--This section shall not apply to any property
placed in service after December 31, 2014.''.
(b) Credit To Be Part of General Business Credit.--Subsection (b)
of section 38 of the Internal Revenue Code of 1986 (relating to general
business credit) is amended by striking ``plus'' at the end of
paragraph (35), by striking the period at the end of paragraph (36) and
inserting ``, plus'', and by adding at the end the following new
paragraph:
``(37) the idling reduction tax credit determined under
section 45S(a).''.
(c) Conforming Amendments.--
(1) The table of sections for subpart D of part IV of
subchapter A of chapter 1 of the Internal Revenue Code of 1986
is amended by inserting after the item relating to section 45R
the following new item:
``Sec. 45S. Idling reduction credit.''.
(2) Section 1016(a) of such Code is amended by striking
``and'' at the end of paragraph (36), by striking the period at
the end of paragraph (37) and inserting ``, and'', and by
adding at the end the following:
``(38) in the case of a facility with respect to which a
credit was allowed under section 45S, to the extent provided in
section 45S(d)(1).''.
(3) Section 6501(m) of such Code is amended by inserting
``45S(e),'' after ``45H(g),''.
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.
(e) Determination of Certification Standards by Secretary of Energy
for Certifying Idling Reduction Devices.--Not later than 6 months after
the date of the enactment of this Act and in order to reduce air
pollution and fuel consumption, the Secretary of Energy, in
consultation with the Administrator of the Environmental Protection
Agency and the Secretary of Transportation, shall publish the standards
under which the Secretary, in consultation with the Administrator of
the Environmental Protection Agency and the Secretary of
Transportation, will, for purposes of section 45S of the Internal
Revenue Code of 1986 (as added by this section), certify the idling
reduction devices and idling reduction infrastructure which will reduce
long duration idling of vehicles at motor vehicle rest stops or other
locations where such vehicles are temporarily parked or remain
stationary in order to reduce air pollution and fuel consumption.
<all>
Introduced in Senate
Read twice and referred to the Committee on Finance.
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