S 1921 · 112th Congress · Taxation

RETRO Act

Introduced 2011-11-29· Sponsored by Sen. Brown, Scott P. [R-MA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2011-11-29)

Plain Language Summary

[AI summary unavailable — showing source text] Reducing Energy Use Through Retrofitting Older Vehicles Act or the RETRO Act - Amends the Internal Revenue Code to allow a tax credit for the cost of converting a motor vehicle into a hybrid motor vehicle, based on gross vehicle weight.  Limits the number of converted motor vehicles eligible for such credit.  Terminates such credit five years after the enactment of this Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only