Bill > S1094

Introduced Session

A bill to amend the Internal Revenue Code of 1986 to modify limitations on the credit for plug-in electric drive motor vehicles, and for other purposes. This bill expands the tax credit for new plug-in electric drive motor vehicles and extends the tax credit for new fuel cell motor vehicles. (Under current law, taxpayers who purchase a qualified plug-in electric drive motor vehicle are eligible for a tax credit of up to $7,500, which begins to phase out once a manufacturer sells 200,000 qualified vehicles.) The bill allows an additional 400,000 vehicles per manufacturer to be eligible for a credit of up to $7,000 before the credit begins to phase out. The bill also extends the tax credit for fuel cell motor vehicles through 2028. (Under current law, the credit expired after 2017.)

AI Summary

Committee Categories

Debbie Stabenow (D)*,  Lamar Alexander (R),  Susan Collins (R),  Catherine Cortez Masto (D),  Maggie Hassan (D),  Angus King (I),  Patrick Leahy (D),  Gary Peters (D), 

Read twice and referred to the Committee on Finance. (on 04/09/2019)

Official Document