summary
Introduced
09/07/2021
09/07/2021
In Committee
09/07/2021
09/07/2021
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 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)
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/5180/all-info |
| BillText | https://www.congress.gov/117/bills/hr5180/BILLS-117hr5180ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr5180/BILLS-117hr5180ih.pdf.pdf |
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