Bill > S4021

This bill, titled the "Promoting Reduction of Emissions through Landscaping Equipment Act," establishes a new tax credit for businesses that purchase zero-emission electric lawn, garden, and landscaping equipment. The credit, which is 40% of the equipment's cost, is capped at $25,000 annually and $100,000 over a 10-year period. Zero-emission equipment is defined as electric-powered tools for lawn, garden, or landscaping that are not powered by gasoline or diesel generators, and it also includes zero-emission generators used to charge this equipment, batteries for this equipment, and retrofits to make existing equipment zero-emission. The bill also allows businesses to elect to receive this credit as a direct payment or transfer it to another entity, and it includes provisions to prevent double-dipping with other tax benefits, with an exception for certain depreciation rules. The credit is set to terminate five years after its enactment and applies to equipment placed in service after December 31, 2024.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/4021/all-info