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Bill > HR5180


US HR5180

Green VAN Act of 2021 Green Vehicle Adoption Nationwide Act of 2021


summary

Introduced
09/07/2021
In Committee
09/07/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to establish a tax credit for qualified commercial electric vehicles, and for other purposes.

AI Summary

This bill, the Green Vehicle Adoption Nationwide Act of 2021 or the Green VAN Act of 2021, establishes a tax credit for qualified commercial electric vehicles. The credit is equal to 30% of the basis of the vehicle, and applies to vehicles that are primarily propelled by an electric motor, have a battery capacity of at least 30 kilowatt hours, and are capable of being recharged from an external source. The credit is available for vehicles acquired after December 31, 2021, and expires for vehicles acquired after December 31, 2031. The bill also includes provisions for the use of the credit by tax-exempt entities and requires the inclusion of the vehicle identification number on the tax return to claim the credit.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to the House Committee on Ways and Means. (on 09/07/2021)

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