HR 2042
116th Congress
House
Taxation
Alternative and renewable resources
Energy efficiency and conservation
Hybrid, electric, and advanced technology vehicles
Income tax credits
Electric CARS Act of 2019
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2019
Referred to the House Committee on Ways and Means.
Apr 2, 2019
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1