US HB7065 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on October 16 2018 - 25% progression
Action: 2018-10-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

To amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles. This bill amends the Internal Revenue Code, with respect to the tax credit for new plug-in electric drive motor vehicles, to change the phase-out period for the credit to the period beginning with calendar year 2022. (Under current law, the credit phases out for a manufacturer's vehicles over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles manufactured by that manufacturer have been sold for use in the United States after December 31, 2009.)

Tracking Information

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Title

To amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.

Sponsors


History

DateChamberAction
2018-10-16HouseReferred to the House Committee on Ways and Means.
2018-10-16HouseIntroduced in House

Same As/Similar To

SB3582 (Related) 2018-10-11 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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