CNG News: 5th May 2009

United States: Proposed bill pumps up CNG incentives

Senator Nick Gautreaux and Representative Jane Smith, from Louisiana, United States, announced they will co-sponsor a bill in the upcoming legislative session that will offer incentives for people to buy natural gas vehicles, or convert them to run on CNG. Smith said the bill has already attracted positive, bi-partisan feedback. The huge component of the bill, Smith emphasized, is it gives a great incentive for people to actually purchase the fueling equipment to install the CNG kit in a refueling station so that it is easy access to the consumer. The measure would also increase tax breaks for companies and individuals who purchase vehicles that take natural gas instead of gasoline or diesel fuel. Specifically, the proposed legislation includes a provision to increase the existing income tax credit from 20 to 50 percent for purchase of qualified clean burning motor vehicle fuel property, including equipment installed on a motor vehicle and property directly related to the delivery of an alternative fuel. Rep. Smith adds that this initiative implies an extra way for the country to get benefits from the Haynesville Shale. “We\'ve got it here, it\'s abundant, it\'s American. People are excited about it, we just want to not lose this wonderful advantage we have right now.” GET Worldwide: CNG Reciprocating Compressor - Low Maintenance