Securing America's Clean Fuels Infrastructure Act

1/11/2023, 1:47 PM

Congressional Summary of S 975

Securing America's Clean Fuels Infrastructure

This bill extends the tax credit for alternative fuel vehicle refueling property through 2029. It also increases the allowable amount of such credit from $30,000 to $200,000 for any single item of refueling property.

Current Status of Bill S 975

Bill S 975 is currently in the status of Bill Introduced since March 25, 2021. Bill S 975 was introduced during Congress 117 and was introduced to the Senate on March 25, 2021.  Bill S 975's most recent activity was Read twice and referred to the Committee on Finance. as of March 25, 2021

Bipartisan Support of Bill S 975

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
2
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 975

Primary Policy Focus

Taxation

Potential Impact Areas

Alternative and renewable resourcesIncome tax creditsMotor fuels

Alternate Title(s) of Bill S 975

Securing America's Clean Fuels Infrastructure ActA bill to amend the Internal Revenue Code of 1986 to extend and modify the credit for alternative fuel vehicle refueling property.Securing America's Clean Fuels Infrastructure Act
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