Senate Bill 3449
115th Congress(2017-2018)
Electric CARS Act of 2018
Introduced
Introduced in Senate on Sep 17, 2018
Origin Chamber
Senate
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
3449
Congress
115
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 Senate votes have been held for this bill.
Summary
Electric Credit Access Ready at Sale Act of 2018 or the Electric CARS Act of 2018
This bill amends the Internal Revenue Code to modify and extend several tax credits related to electric cars.
The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2028. 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 2028 the tax credits for: (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
September 17, 2018
09/17/2018
Read twice and referred to the Committee on Finance.
09/17/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:41:21 PM