summary
Introduced
03/01/2021
03/01/2021
In Committee
03/01/2021
03/01/2021
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 10% tax credit to manufacturers for the sale of zero-emission buses. A zero-emission bus is defined as a motor vehicle with a gross weight of at least 14,000 pounds that is powered solely by an electric motor or fuel cell, designed to carry 15 or more passengers, and meets certain requirements. The credit is capped at $100,000 per bus, and it applies to sales after the date of enactment and expires on December 31, 2026. The bill is intended to incentivize the production and use of environmentally-friendly public transportation vehicles.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Read twice and referred to the Committee on Finance. (on 03/01/2021)
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/494/all-info |
| BillText | https://www.congress.gov/117/bills/s494/BILLS-117s494is.pdf |
| Bill | https://www.congress.gov/117/bills/s494/BILLS-117s494is.pdf.pdf |
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