Natural gas vehicles bill
co-sponsored by Murkowski
July 21, 2009
WASHINGTON, D.C. U.S. Senator Lisa Murkowski (R-Alaska)
added her name last week to legislation designed to encourage
manufacturing of natural gas cars and trucks.
The New Alternative Transportation to Give Americans Solutions
(NAT GAS) Act would increase and extend tax credits for natural
gas vehicles and refueling stations.
"We have an abundant domestic supply of low-emission natural
gas that can substantially cut our transportation fleet's impact
on the environment," Murkowski said. "Natural gas is
not only cleaner than regular gasoline, it's also less expensive."
"Natural gas vehicles show particular promise in urban fleets,
such as municipal buses and emergency vehicles, while refueling
infrastructure is expanded," Murkowski said.
The NAT GAS Act will encourage and incentivize major expansion
in the manufacturing and use of natural gas vehicles. Among
its key provisions, it would:
- Extend for 10 years the alternative
fuel credits for natural gas as a vehicle fuel, purchase of natural
gas vehicles, and installation of natural gas vehicle refueling
- Expand and modify the alternative
fueled vehicle and refueling property tax credits.
- Allow state and local governmental
entities to issue tax exempt bonds in order to finance natural
gas vehicle projects.
- Allow 100 percent of the cost
of a natural gas vehicle manufacturing facility that is placed
in service before 2015 to be expensed and treated as a deduction.
- Require that when complying
with mandatory federal fleet alternative fuel vehicle purchase
requirements, federal agencies purchase qualified alternative
fuel vehicles unless the agency can show that alternative fuel
is unavailable or that purchasing such vehicles would be impractical.
- Provide for grants for light-
and heavy-duty natural gas engine development.
"We use the majority of our oil supply to fuel our cars
and trucks, so increasing our use of natural gas in vehicles
is a good first step in improving our energy security,"
Murkowski said. "This bill not only decreases our dependence
on foreign oil, it also saves consumers money at the pump and
protects the environment."
The bill is cosponsored by Sens. Orrin Hatch, R-UT, Robert Menendez,
D-NJ, and Majority Leader Harry Reid, D-NV.
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