New Alternative Transportation to Give Americans Solutions Act of 2011

AAA

DEFINITION of 'New Alternative Transportation to Give Americans Solutions Act of 2011'

A bipartisan proposal introduced in April, 2011 that amends the Internal Revenue Code of 1986 to encourage more domestic production, alternative energy investments and corresponding job creation. The New Alternative Transportation to Give Americans Solutions Act (NATGAS) of 2011 would:
• Create an excise tax credit through 2016 for alternative fuels involving compressed or liquefied natural gas


• Create an income tax credit through 2016 for vehicles powered by compressed or liquefied natural gas


• Change the tax credit percentage for vehicles fueled by natural gas or liquefied natural gas


• Allow a new tax credit for the production of certain vehicles


• Extend tax credits through 2016 for property used in refueling vehicles fueled by compressed or liquefied natural gas

INVESTOPEDIA EXPLAINS 'New Alternative Transportation to Give Americans Solutions Act of 2011'

NATGAS of 2011 provides tax credits to encourage investments in compressed, natural and liquefied natural gas. The Act requires the Secretary of Energy to provide funding to support alternative energy. In addition, the Act authorizes the Secretary to make grants to manufacturers of light and heavy duty natural gas vehicles to develop reduced-emission engines, improve performance and efficiency and lower costs.

RELATED TERMS
  1. Natural Gas Liquids - NGL

    Components of natural gas that are separated from the gas state ...
  2. Internal Revenue Code - IRC

    The comprehensive set of tax laws created by the Internat Revenue ...
  3. American Clean Energy And Security ...

    A piece of legislation that was created in an attempt to establish ...
  4. Liquefied Natural Gas

    The liquefied state of natural gas, which is created by cooling ...
  5. Formal Tax Legislation

    The process by which a proposed tax rule or tax change may become ...
  6. Tax Credit

    An amount of money that a taxpayer is able to subtract from the ...
RELATED FAQS
  1. What are the best free online calculators for calculating my taxable income?

    Free online calculators for determining your taxable income are located at Bankrate.com, TaxACT.com and Moneychimp.com. Determining ... Read Full Answer >>
  2. Can I get a tax credit from conducting research and development?

    It is possible for a company to qualify for a research and development tax credit for conducting research and development. ... Read Full Answer >>
  3. Do all oil companies received the quoted price of West Texas Intermediate for their ...

    The quoted, or spot, price of West Texas Intermediate, or WTI, crude oil is just one of several benchmark oil prices. The ... Read Full Answer >>
  4. How do the costs of oil sands producers compare to traditional drillers?

    The oil sands of Canada are some of the most expensive crude oil assets in the world to produce. Each asset type, such as ... Read Full Answer >>
  5. How do the average costs compare for the different types of oil drilling rigs?

    Average costs vary widely between different types of oil rigs, starting at around $20 million and ranging as high as close ... Read Full Answer >>
  6. How long does it take an oil and gas producer to go from drilling to production?

    Depending on the depth of drilling required and the type of drilling method used, a standard oil well can commonly advance ... Read Full Answer >>
Related Articles
  1. Active Trading

    Uncovering Oil And Gas Futures

    Find out how to stay on top of data reports that could cause volatility in oil and gas markets.
  2. Mutual Funds & ETFs

    Investing In Oil And Gas UITs

    Unit investment trusts provide direct exposure to the energy sector, fueling better returns.
  3. Forex Education

    Natural Gas Industry: An Investment Guide

    Investors looking into this industry are faced with a confusing amount of information. We explain the important concepts and terms.
  4. Fundamental Analysis

    Accounting For Differences In Oil And Gas Accounting

    How a company accounts for its expenses affects how its net income and cash flow numbers are reported.
  5. Economics

    The Story Behind Gold's Mini-Flash Crash

    The gold market was rocked last week by a sudden drop in prices. There are a number of factors that can lead to a flash crash in any market.
  6. Investing Basics

    Is Kinder Morgan A Real Energy Player?

    KMI’s direct commodity exposure is minimal, but the company could be indirectly impacted, reducing cash flows and putting the dividend at risk.
  7. Investing

    4 Structured Product Types Wealthy Clients Love

    High-net-worth investors find structured products appealing for a variety of reasons. Here's a look at four types.
  8. Investing

    Is It Time To Buy Commodities?

    Despite the news, the Athens Stock Exchange is down less than 5 percent year-to-date, while the Shanghai Composite remains up more than 10 percent.
  9. Mutual Funds & ETFs

    ETF Analysis: Energy Select Sector SPDR

    Find out more about the Energy Select Sector SPDR Fund, the top holdings of this exchange-traded fund and the characteristics of the fund.
  10. Economics

    What to Expect from Russia's Oil-Dependent Economy

    The fate of Russia's economy is for the most part determined by the price of oil. Here's how it's likely to play out.

You May Also Like

Hot Definitions
  1. Hedging Transaction

    A type of transaction that limits investment risk with the use of derivatives, such as options and futures contracts. Hedging ...
  2. Bogey

    A buzzword that refers to a benchmark used to evaluate a fund's performance. The benchmark is an index that reflects the ...
  3. Xetra

    An all-electronic trading system based in Frankfurt, Germany. Launched in 1997 and operated by the Deutsche Börse, the Xetra ...
  4. Nuncupative Will

    A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will ...
  5. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
  6. Investopedia

    One of the best-known sources of financial information on the internet. Investopedia is a resource for investors, consumers ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!