S 494
117th Congress
Senate
Taxation
Alternative and renewable resources
Energy efficiency and conservation
Hybrid, electric, and advanced technology vehicles
Income tax credits
Motor carriers
Public transit
Green Bus Tax Credit Act of 2021
Introduced: March 1, 2021
Introduced by:
Cortez Masto, Catherine
Democratic
· Nevada
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2021
Read twice and referred to the Committee on Finance.
Mar 1, 2021
Introduced in Senate
Plain-English summary
Green Bus Tax Credit Act of 2021
This bill allows a manufacturer a zero-emission bus tax credit through 2026.
The credit is equal to 10% of the sales price of a zero-emission bus. The credit only applies to the first $1 million of a vehicle's sales price and to buses used primarily in the United States and its possessions.
The bill defines zero-emission bus as a motor vehicle that has a gross vehicle weight rating of not less than 14,000 pounds, is not powered or charged by an internal combustion engine, is propelled solely by an electric motor that draws electricity from a battery or fuel cell, is designed to carry 15 or more passengers, and satisfies Buy America requirements.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1