S 881 118th Congress Senate Taxation

E-BIKE Act

Introduced: March 21, 2023 Introduced by: Schatz, Brian Democratic · Hawaii 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 21, 2023

Read twice and referred to the Committee on Finance.

Mar 21, 2023

Introduced in Senate

Plain-English summary Congressional Research Service

Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act

This bill allows individual taxpayers a new tax credit for 30% of the cost of a qualified electric bicycle. The bill defines qualified electric bicycle to mean a bicycle or tricycle that does not cost more than $8,000 and that is equipped with fully operable pedals, a saddle or seat for the rider, and an electric motor of less than 750 watts designed to assist in propelling the bicycle or tricycle under certain conditions

The bill requires the Internal Revenue Service to establish a program to make advance payments of the credit and to publicly report on the number of taxpayers claiming the credit and the aggregate dollar amount of the credit, beginning in 2023 and 2024.

What's happening now March 21, 2023

Read twice and referred to the Committee on Finance.

Committees of jurisdiction 1