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 buses. This bill allows a manufacturer a zero-emission bus tax credit. The credit is equal to 10% 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 Bus Tax Credit Act of 2019, would amend the Internal Revenue Code to provide a tax credit for manufacturers of zero-emission heavy vehicles, defined as motor vehicles weighing at least 14,000 pounds that are powered solely by an electric motor and not an internal combustion engine. The credit would equal 10% of the sales price of each zero-emission heavy vehicle sold, up to a maximum of $1 million per vehicle. The credit would only apply to vehicles primarily used in the United States or its possessions, and the Secretary of the Treasury would be authorized to issue regulations to carry out the purposes of the credit. The credit would be available for sales after the date of the bill's enactment and would expire on December 31, 2024.
Committee Categories
Budget and Finance
Sponsors (10)
Jimmy Panetta (D)*,
Don Beyer (D),
Earl Blumenauer (D),
Julia Brownley (D),
Judy Chu (D),
Danny Davis (D),
Suzan DelBene (D),
Dan Kildee (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/5163/all-info |
| BillText | https://www.congress.gov/116/bills/hr5163/BILLS-116hr5163ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5163/BILLS-116hr5163ih.pdf.pdf |
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