S 3594
116th Congress
Senate
Taxation
Ending the Electric Vehicle Entitlement for the Wealthy
Introduced: May 4, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 4, 2020
Read twice and referred to the Committee on Finance.
May 4, 2020
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1