summary
Introduced
11/19/2019
11/19/2019
In Committee
11/19/2019
11/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to provide a credit for previously-owned qualified plug-in electric drive motor vehicles. This bill allows an income-based tax credit for the purchase of a previously-owned qualified plug-in electric drive motor vehicle. The credit is limited to 30% of the sales price of such a vehicle. The bill defines "previously-owned qualified plug-in electric drive motor vehicle" to mean a motor vehicle the model year of which is at least two years earlier than the calendar year in which the vehicle is acquired and that meets certain requirements under the Clean Air Act.
AI Summary
This bill allows an income-based tax credit of up to 30% of the sales price for the purchase of a previously-owned qualified plug-in electric drive motor vehicle. The credit is limited to $1,250 plus an additional $208.50 for each kilowatt hour of battery capacity above 4 kilowatt hours. The bill defines a "previously-owned qualified plug-in electric drive motor vehicle" as a vehicle at least two years old that was not the original user's vehicle and is acquired through a qualified sale for less than $25,000. The credit is available to individual taxpayers with adjusted gross incomes below $30,000 (or $60,000 for joint filers) and is limited to one credit per 3-year period.
Committee Categories
Budget and Finance
Sponsors (9)
Jimmy Gomez (D)*,
Don Beyer (D),
Earl Blumenauer (D),
Suzan DelBene (D),
Dwight Evans (D),
Gwen Moore (D),
Jimmy Panetta (D),
Linda Sánchez (D),
Tom Suozzi (D),
Last Action
Referred to the House Committee on Ways and Means. (on 11/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5161/all-info |
| BillText | https://www.congress.gov/116/bills/hr5161/BILLS-116hr5161ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5161/BILLS-116hr5161ih.pdf.pdf |
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