House Bill 5089
116th Congress(2019-2020)
Alternative Fuel Tax Credit Extension Act of 2019
Introduced
Introduced in House on Nov 14, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5089
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Alternative Fuel Tax Credit Extension Act of 2019
This bill extends and phases out the tax credit for alternative fuels used as a motor fuel, including compressed, liquefied, and renewable natural gas. It provides for a credit equal to the product of (1) 50 cents and the number of gallons of alternative fuel used in certain vehicles before January 1, 2025, and (2) 25 cents for 2025 through 2026. The credit terminates after 2026. The bill also extends outlay payments of such credit through 2026.
November 14, 2019
11/14/2019
Referred to the House Committee on Ways and Means.
11/14/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 2:00:31 AM