Bill
Bill > HR5162
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 for a credit for zero-emission heavy vehicles. This bill allows a manufacturer a 10% tax credit of the sales price of a zero-emission heavy vehicle. The credit only applies to the first $1 million of a vehicle's sales price. The bill defines "zero-emission heavy vehicle" as a motor vehicle that has a gross vehicle weight rating of not less than 14,000 pounds, is not powered or charged by an internal combustion engine, and is propelled solely by an electric motor that draws electricity from a battery or fuel cell.
AI Summary
This bill, the Green Vehicle Adoption Nationwide Act of 2019 or the Green VAN Act of 2019, amends the Internal Revenue Code to provide a 10% tax credit to manufacturers for the sale of zero-emission heavy vehicles (those with a gross vehicle weight rating of at least 14,000 pounds and powered solely by an electric motor drawing from a battery or fuel cell). The credit applies to the first $1 million of a vehicle's sales price and is intended to encourage the adoption of zero-emission heavy vehicles in the United States.
Committee Categories
Budget and Finance
Sponsors (6)
Don Beyer (D)*,
Earl Blumenauer (D),
Dan Kildee (D),
Gwen Moore (D),
Jimmy Panetta (D),
Linda Sánchez (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/5162/all-info |
| BillText | https://www.congress.gov/116/bills/hr5162/BILLS-116hr5162ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5162/BILLS-116hr5162ih.pdf.pdf |
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