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H.R. 5457

BillFederalHouseIn Committee
Fueling America's Future Act of 2014
About This Bill
Committee
Latest Action · September 11, 2014
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
September 11, 2014
Sponsor
Rep. Patrick MurphyD
Cosponsors (1)
0D 1R
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Summary

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Fueling America's Future Act of 2014 - Amends the Internal Revenue Code, with respect to the tax treatment of zero carbon emission refueling property, to: (1) exempt the tax credit for such property from the limitation applicable to the alternative fuel vehicle refueling property tax credit; (2) extend through December 31, 2024, the termination date of the alternative fuel vehicle refueling property tax credit allowed for zero carbon emission refueling property; and (3) exclude from gross income, for income tax purposes, income derived from the operation of zero carbon emission refueling property placed in service prior to 2025. Defines "zero carbon emission fuel" as any fuel that does not emit carbon when used as a fuel to propel a motor vehicle.

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