Bill
Bill > S1969
summary
Introduced
06/08/2021
06/08/2021
In Committee
06/08/2021
06/08/2021
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 terminate the credit for new qualified plug-in electric drive motor vehicles.
AI Summary
This bill, the Eliminate Lavish Incentives To Electric Vehicles Act (or ELITE Vehicles Act), proposes to terminate the tax credit for new qualified plug-in electric drive motor vehicles under Section 30D of the Internal Revenue Code of 1986. Specifically, it would end the credit for vehicles placed in service after 30 days from the enactment of the bill, and it would repeal the credit entirely for taxable years beginning more than 1 year and 30 days after the bill's enactment. This would eliminate the federal tax incentives for consumers to purchase electric vehicles.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Read twice and referred to the Committee on Finance. (on 06/08/2021)
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/1969/all-info |
| BillText | https://www.congress.gov/117/bills/s1969/BILLS-117s1969is.pdf |
| Bill | https://www.congress.gov/117/bills/s1969/BILLS-117s1969is.pdf.pdf |
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