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. No results found.
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. Stock Analysis

    Does It Still Make Sense To Buy IPG Shares?

    Let's look at IPG's earnings, after their Q4 report, and whether the long-term investing thesis is compelling enough to warrant buying shares today.
  6. Stock Analysis

    Why Is Enterprise Products Partners So Excited?

    Enterprise Products Partners has historically gone on the offensive to acquire weaker rivals in a tough spot when the commodity market turns down.
  7. Stock Analysis

    Is It Time To Start Buying Seadrill?

    West Texas Intermediate oil prices have collapsed from nearly $110 to less than $44 recently, crushing producers, contract drillers, and oil service stocks
  8. Investing

    Will Clean Energy Fuels Create A Better Network?

    Ever since the most recent U.S. energy boom began, many people have looked for ways to take advantage of cheap natural gas from shale gas areas.
  9. Investing

    What Are The Prospects For Plug’s Technology?

    Plug Power's fuel-cell technology has huge promise, but it hasn't paid off yet. Few stocks have seen the volatility that it has experienced during the past
  10. Investing

    What Is The Real Picture Of Linn Energy?

    Numbers don't always tell the full story. Take, for example, the long-term chart for LINN Energy which was expected to be down more than 40%.

You May Also Like

Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
Trading Center