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S. 3594

Ending the Electric Vehicle Entitlement for the Wealthy

Ending the Electric Vehicle Entitlement for the Wealthy

This bill eliminates the tax credit for qualified plug-in electric drive motor vehicles for any taxpayer whose adjusted gross income exceeds $163,300 ($326,600 for joint returns) in a taxable year. These threshold amounts are adjusted for inflation for taxable years beginning after 2021.

Read twice and referred to the Committee on Finance.

Sen. Braun, Mike [R-IN](R-IN)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Ending the Electric Vehicle Entitlement for the Wealthy — Informed