House Bill 2042
116th Congress(2019-2020)
Electric CARS Act of 2019
Introduced
Introduced in House on Apr 2, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2042
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Electric Credit Access Ready at Sale Act of 2019 or the Electric CARS Act of 2019
This bill modifies and extends several tax credits related to electric cars.
The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2029. In addition, the bill modifies the credit to
- remove the limitation on the number of vehicles per manufacturer that are eligible for the credit,
- allow a taxpayer to assign the credit to a financing entity, and
- allow an unused credit to be carried forward for five years.
The bill also extends through 2029 the tax credits for (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
April 2, 2019
04/02/2019
Referred to the House Committee on Ways and Means.
04/02/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 7:02:24 PM