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S. 1620

BillFederalSenateIn Committee
Efficient Vehicle Leadership Act of 2009
About This Bill
Committee
Latest Action · August 6, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9019-9020)
Congress
111th (2009–2011)
Introduced
August 6, 2009
Cosponsors (4)
2D 2R
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Summary

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Efficient Vehicle Leadership Act of 2009 - Amends the Internal Revenue Code to: (1) allow a new income tax credit for certain fuel-efficient motor vehicles with a purchase price not exceeding $50,000, beginning with model year 2011; (2) allow such credit as an offset against the alternative minimum tax (AMT); and (3) revise the gas guzzler excise tax to impose an increased tax on fuel guzzler motor vehicles, beginning with model year 2013, based on specified fuel efficiency ratings.

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