summary
Introduced
02/23/2021
02/23/2021
In Committee
02/23/2021
02/23/2021
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 extend certain tax credits related to electric cars, and for other purposes.
AI Summary
This bill, the Electric CARS Act of 2021 or the Electric Credit Access Ready at Sale Act of 2021, aims to extend and modify certain tax credits related to electric vehicles. Specifically, it extends the New Qualified Plug-In Electric Drive Motor Vehicles Credit until December 31, 2031, and allows the credit to be assigned to the financing entity that purchased or leased the vehicle. The bill also allows for the carryforward of unused credits to the next 5 taxable years. Additionally, the bill extends the Alternative Fuel Vehicle Refueling Property Credit and the Alternative Motor Vehicle Credit until December 31, 2031.
Committee Categories
Budget and Finance
Sponsors (10)
Jeff Merkley (D)*,
Cory Booker (D),
Dianne Feinstein (D),
Patrick Leahy (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Tina Smith (D),
Elizabeth Warren (D),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Finance. (on 02/23/2021)
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/senate-bill/395/all-info |
| BillText | https://www.congress.gov/117/bills/s395/BILLS-117s395is.pdf |
| Bill | https://www.congress.gov/117/bills/s395/BILLS-117s395is.pdf.pdf |
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