S 3535 · 111th Congress · Energy
Next Generation Energy Security Act of 2010
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2010-06-24)
Plain Language Summary
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Next Generation Energy Security Act of 2010 - Amends provisions of the Internal Revenue Code relating to natural gas and alternative fuels, nuclear energy, and renewable energy. New Alternative Transportation to Give Americans Solutions Act of 2010 - Amends the Internal Revenue Code to: (1) extend through December 31, 2019, the alternative fuel excise tax credit for fuels and fuel mixtures involving compressed or liquefied natural gas, the alternative motor vehicle income tax credit for vehicles powered by compressed or liquefied natural gas, the tax credit for alternative fuel refueling property for property relating to electricity, and the energy tax credit and the tax credit for the production of electricity from renewable resources; (2) allow an offset against the regular and alternative minimum tax (AMT) for alternative motor vehicle and refueling property tax credit amounts and provide for the transferability of credit amounts; (3) allow through December 31, 2019, the issuance of tax-exempt natural gas vehicle bonds to finance natural gas vehicle projects; (4) increase the alternative motor vehicle tax credit for the purchase of vehicles fueled by compressed natural gas or li…
Summarized by Claude AI · Non-partisan · For informational purposes only