HR 6274
115th Congress
House
Taxation
Alternative and renewable resources
Energy efficiency and conservation
Hybrid, electric, and advanced technology vehicles
Income tax credits
Motor vehicles
Electric CARS Act of 2018
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2018
Referred to the House Committee on Ways and Means.
Jun 28, 2018
Introduced in House
Plain-English 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: (1) remove the limitation on the number of vehicles per manufacturer that are eligible for the credit, and (2) allow a taxpayer to assign the credit to a financing entity.
The bill also extends through 2028 the tax credits for: (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1