New Alternative Transportation to Give Americans Solutions Act of 2011

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.


Filed Under: , ,

comments powered by Disqus
Hot Definitions
  1. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  2. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  3. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  4. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  5. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  6. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
Trading Center