A bill to amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Oct 11, 2018)
This bill amends the Internal Revenue Code, with respect to the tax credit for new plug-in electric drive motor vehicles, to change the phase-out period for the credit to calendar year 2022.
(Under current law, the credit phases out for a manufacturer's vehicles over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles manufactured by that manufacturer have been sold for use in the United States after December 31, 2009.)
What just happenedOct 11, 2018
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateOct 11, 2018
- Oct 11, 2018IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Oct 11, 2018IntroReferral10000
Introduced in Senate