Proposal:Clean Fuels Vehicle Act of 2021

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 2267
Type of Legislation	Senate Bill
Congress	117
Status	Archived — 117th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Clean Fuels Vehicle Act of 2021

This bill allows a new business-related tax credit through 2031 for the production of flexible fuel vehicles (i.e., motor vehicles engineered and designed to be operated on a petroleum fuel and on a methanol or ethanol fuel, or on any mixtures of such fuels). The amount of such credit in a taxable year is equal to the product of $200, and the number of vehicles produced and sold by the taxpayer to an unrelated person in the United States.

The bill also repeals limitations on manufacturing incentives for dual fuel automobiles and repeals the maximum fuel economy increase for alternative fuel automobiles.

Bill Title

Clean Fuels Vehicle Act of 2021

Linked Goals

• Goal:Promote General Welfare

Steps

• 2021-06-24: Read twice and referred to the Committee on Finance.
• 2021-06-24: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.