Senate Amendment to Offer Ten Percent Tax Credit

I hate to state the obvious, but anyone else catch Senate Amendment 274 in the Congressional Record of the US Senate for February 4, 2009? Fascinating reading, for—ah who am I kidding, I didn’t even know there was such a meticulously hideously proprietous account of anything this drab available for download. But if you can download Tijuana donkey shows (so I hear …), I guess anything’s possible.

The point is, Senate Amendment 274 (SA 274) is among a handful of amendments to the stimulus package that targets the greener vehicles among us. It pushes a 10% tax credit for NEVs and 3-wheeled EV’s provided they cost under $40,000. As noted by Bill Moore of EV World, this likely will include the Aptera when that dynamo hits the market later in the year.

Sidebar: As the government prepares its socialization of those previously private industries which proved too greedy and irresponsible to be left on their own, how about overhauling the way bills are passed? Check this out, and ask yourself if it’s any wonder Congress has a perennial do-nothing reputation:

GENERAL.—Subparagraph (B) of section 168(e)(3) is amended by striking ‘‘and’’ at the end of clause (vi), by striking the period at the end of clause (vii) and inserting ‘‘, and’’, and by adding at the end the following new clauses: ‘‘(viii) any qualified smart electric meter, and ‘‘(ix) any qualified smart electric grid system.’’

Uuugh … with the singular exception of having had regrettably unprotected sex, since when is someone missing a period noteworthy material?

This site follows the emergence, application and development of transportation innovation. Reference to manufacturers, makes and models, and other automotive-related businesses are provided for informational purposes only and do not constitute an endorsement by FutureCars.com.

futurefuel