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SEC. 773. EXTENSION OF MAXIMUM FUEL ECONOMY INCREASE FOR <br /> <br /> ALTERNATIVE FUELED VEHICLES <br /> • The ability of automakers to take added fuel economy credits for dual-fuel (i.e., bi-fuel <br /> and flex- fuel) vehicles is extended until model year 2008, with authority provided to the <br /> National Highway Traffic Safety Administration to extend this deadline unti12012. <br /> SEC. 1318. ALTERNATIVE MOTOR VEHICLE CREDIT. <br /> • The purchaser of a dedicated alternative fuel vehicle (including CNG and LNG vehicles) <br /> will receive a tax credit based on the incremental price of the vehicle: <br /> - The applicable percentage of incremental cost with respect to any new qualified <br /> alternative fuel vehicle is: <br /> + (A) 40 percent, plus <br /> + (B) 30 percent, if the vehicle meets or exceeds the most stringent standard <br /> available for certification under the Clean Air Act for that make and model <br /> year vehicle (other than a zero emission standard) <br /> • The cap on the incremental cost is equal to: <br /> - (A) $5,000 for a vehicle with a gross vehicle weight rating of not more than 8,500 <br /> pounds (resulting in a maximum credit of $3,500) <br /> - (B) $10,000 for a vehicle with a gross vehicle weight rating of more than 8,500 <br /> pounds but not more than 14,000 pounds (resulting in a maximum credit of <br /> $7,000) <br /> - (C) $25,000 for a vehicle with a gross vehicle weight rating of more than 14,000 <br /> pounds but not more than 26,000 pounds, and (resulting in a maximum credit of <br /> $17,500) <br /> - (D) $40,000 for a vehicle with a gross vehicle weight rating of more than 26,000 <br /> pounds (resulting in a maximum credit of $28,000) <br /> • Credit for Mixed Fuel (Dual-fuel) Heavy-duty Vehicles. The credit for these vehicles is <br /> as follows: <br /> - In the case of a 75/25 mixed-fuel vehicle, 70 percent of the credit which would <br /> have been allowed under this sub-section if such vehicle was a qualified <br /> alternative fuel motor vehicle, and <br /> - In the case of a 90/10 mixed-fuel vehicle, 90 percent of the credit which would <br /> have been allowed under this sub-section if such vehicle was a qualified <br /> alternative fuel motor vehicle <br /> • The credit expires after December 31, 2006. <br /> _ _ <br /> <br />