WASHINGTON – In the U.S. Senate, legislation has been introduced that aims to provide tax incentives to encourage the use of alternative fuels and advance technology vehicles, according to the Fleet Focus, the e-mail newsletter produced by the National Association of Fleet Administrators. The Clean Efficient Automobiles Resulting from Advanced Care Technologies Act of 2005, or the CLEAR Act, provides a tax credit for the purchase of alternative fuels. It also promotes the alternative fuel infrastructure by extending an existing tax deduction for the purchase of the necessary equipment and providing a new tax credit for the cost of installing it, and provides a tax credit to consumers who purchase alternative fuel and advanced technology vehicles.
0 Comments