FCHEA Testifies to Congress in Support of Fuel Cell Transportation Tax Credits
On March 14, FCHEA President Morry Markowitz testified at a public hearing held by the Tax Policy Subcommittee of the House Ways and Means Committee on recently expired federal tax incentives.
Mr. Markowitz urged the Committee to reinstate the Fuel Cell Vehicle Tax Credit, and the Alternative Fuel Vehicle Refueling Property credit. Both credits expired at the end of 2016, but were retroactively reinstated for 2017 as part of the Bipartisan Budget Act passed by Congress last month.
In his testimony, Mr. Markowitz highlighted the benefits of hydrogen fuel cell vehicles (FCVs) and the need to reinstate the equitable incentives thorough a "technology neutral" approach, as opposed to the current tax code which benefits only certain types of zero-emission vehicles.
Following his oral testimony, Mr. Markowitz answered questions from the Subcommittee Chairman Vern Buchanan (R-FL-16) and Congressman John Larson (D-CT-1). FCHEA will continue to work with its member companies, industry partners, and members of Congress to reinstate these crucial FCV tax credits.