Bill
Bill > S993
summary
Introduced
04/02/2019
04/02/2019
In Committee
04/02/2019
04/02/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Electric CARS Act of 2019 Electric CARS Act of 2019 Electric Credit Access Ready at Sale Act of 2019 Electric Credit Access Ready at Sale Act of 2019 This bill modifies and extends several tax credits related to electric cars. The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2029. In addition, the bill modifies the credit to remove the limitation on the number of vehicles per manufacturer that are eligible for the credit, allow a taxpayer to assign the credit to a financing entity, and allow an unused credit to be carried forward for five years. The bill also extends through 2029 the tax credits for (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
AI Summary
This bill, the Electric CARS Act of 2019 or the Electric Credit Access Ready at Sale Act of 2019, modifies and extends several tax credits related to electric cars. The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2029, removes the limitation on the number of vehicles per manufacturer that are eligible for the credit, allows a taxpayer to assign the credit to a financing entity, and allows an unused credit to be carried forward for five years. The bill also extends through 2029 the tax credits for alternative fuel vehicle refueling property and alternative motor vehicles.
Committee Categories
Budget and Finance
Sponsors (11)
Jeff Merkley (D)*,
Cory Booker (D),
Catherine Cortez Masto (D),
Dianne Feinstein (D),
Kamala Harris (D),
Martin Heinrich (D),
Ed Markey (D),
Jacky Rosen (D),
Bernie Sanders (I),
Tina Smith (D),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Finance. (on 04/02/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/993/all-info | 04/03/2019 |
| BillText | https://www.congress.gov/116/bills/s993/BILLS-116s993is.pdf | 04/11/2019 |
| Bill | https://www.congress.gov/116/bills/s993/BILLS-116s993is.pdf.pdf | 04/11/2019 |
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