summary
Introduced
01/28/2021
01/28/2021
In Committee
01/28/2021
01/28/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide for a credit for zero-emission buses.
AI Summary
This bill, the Green Bus Tax Credit Act of 2021, amends the Internal Revenue Code to provide a tax credit for the sale of zero-emission buses. The credit is equal to 10% of the sale price of each zero-emission bus sold by a manufacturer, up to a maximum sale price of $1 million per bus. A zero-emission bus is defined as a motor vehicle with a gross vehicle weight rating of at least 14,000 pounds, not powered by an internal combustion engine, and designed to carry 15 or more passengers. The credit is part of the general business tax credit and will be available for sales after the bill's enactment, but will expire on December 31, 2026.
Committee Categories
Budget and Finance
Sponsors (7)
Jimmy Panetta (D)*,
Don Beyer (D),
Earl Blumenauer (D),
Julia Brownley (D),
Dan Kildee (D),
Grace Napolitano (D),
Tom Suozzi (D),
Last Action
Referred to the House Committee on Ways and Means. (on 01/28/2021)
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/117th-congress/house-bill/583/all-info |
| BillText | https://www.congress.gov/117/bills/hr583/BILLS-117hr583ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr583/BILLS-117hr583ih.pdf.pdf |
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