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S. 505

BillFederalSenateIn Committee
CLEAR Act
About This Bill
Committee
Latest Action · March 4, 2003
Read twice and referred to the Committee on Finance.
Congress
108th (2003–2005)
Introduced
March 4, 2003
Cosponsors (14)
7D 6R
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Summary

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Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2003 - Amends the Internal Revenue Code to allow an annual alternative motor vehicle credit equal to the sum of: (1) the new qualified fuel cell motor vehicle credit; (2) the new qualified hybrid motor vehicle credit; and (3) the new qualified alternative fuel motor vehicle credit. Sets forth credit termination dates.Extends and revises the credit for qualified electric vehicles. Makes leased vehicles eligible for the credit.Allows a limited credit for installation of alternative fueling stations.Allows a limited credit for the retail sale of alternative fuels as motor fuel.Mandates studies.

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