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Code · BILL · 113th Congress · H.R. 1364 (Introduced in House) — To amend the Internal Revenue Code of 1986 to encourage alternative energy investments and job creation, and for othe... · Sec. 404

Sec. 404. Amendment to section 508 of the Energy Policy Act of 1992

209 words·~1 min read·/bill/113/hr/1364/ih/section-404

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Subsection
(a)of section 508 of the Energy Policy Act of 1992 ( 42 U.S.C. 13258 ) is amended by adding at the end the following new paragraph: The term repowered or converted means modified with a certified engine or aftermarket system so that the vehicle is capable of operating on an alternative fuel. . Subsection
(b)of section 508 of the Energy Policy Act of 1992 ( 42 U.S.C. 13258 ) is amended by adding at the end the following new paragraph: Not later than January 1, 2018, the Secretary shall allocate credits to fleets that repower or convert an existing vehicle so that it is capable of operating on an alternative fuel. In the case of any medium-duty or heavy-duty vehicle that is repowered or converted, the Secretary shall allocate additional credits for such vehicles if the Secretary determines that such vehicles displace more petroleum than light-duty alternative fueled vehicles. The Secretary shall include a requirement that such vehicles remain in the fleet for a period of no less than 2 years in order to continue to qualify for credit. The Secretary also shall extend the flexibility afforded in this section to Federal fleets subject to the purchase provisions contained in section 303 of this Act. .
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Sec. 404
Amendment to section 508 of the Energy Policy Act of 1992
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