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$this->bbcode_second_pass_quote('', '[')b]House members plan bill to expand NGV use
Nick Snow
OGJ Washington Editor
WASHINGTON, DC, Apr. 2 -- Legislation to significantly expand the use of natural gas as an alternative to conventional transportation fuel will be introduced, three US House members said on Apr. 1.
The measure's provisions will include an 18-year extension of three critical tax incentives which focus on gas as a transportation fuel, the purchase of natural gas vehicles (NGVs) and the installation of commercial and residential gas refueling pumps, according to Reps. Dan Boren (D-Okla.), John B. Larson (D-Conn.) and John Sullivan (R-Okla.).
Currently, the alternative fuel credit expires at the end of 2009 and the vehicle and refueling pump credits expire at the end of 2010, they noted.
Known as the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act, the bill also would create a new tax credit for automakers which produce natural gas and bi-fueled vehicles, the three federal lawmakers said. Currently, all major automakers manufacture NGVs for overseas markets and this provision is critical to encourage them to begin offering NGVs in the United States, they said.
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