A bill to amend the Internal Revenue Code of 1954 to allow a credit for the purchase of electric motor highway vehicles.
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Amends the Internal Revenue Code to allow a nonrefundable income tax credit equal to ten percent of the cost of a qualified electric motor vehicle to the extent that the cost of such vehicle does not exceed $3,000. Defines a "qualified electric motor vehicle" as any four-wheeled vehicle which: (1) is manufactured primarily for use on the road; (2) is powered primarily by rechargeable electric current; (3) is acquired by the taxpayer on or after January 1, 1979, for his personal use; and (4) begins its original use with the taxpayer or a member of his family. Terminates the credit for electric vehicles purchased after December 31, 1985.
Referred to House Committee on Ways and Means.
Cite this page
U.S. Congress. (2026). H.R. 4207: A bill to amend the Internal Revenue Code of 1954 to allow a credit for the purchase of electric motor highway vehicles.. 96th Congress. Open America. https://openamerica.io/bill/96-HR-4207/
"H.R. 4207: A bill to amend the Internal Revenue Code of 1954 to allow a credit for the purchase of electric motor highway vehicles.." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-4207/.
H.R. 4207, 96th Cong. (2026), https://openamerica.io/bill/96-HR-4207/.
[H.R. 4207: A bill to amend the Internal Revenue Code of 1954 to allow a credit for the purchase of electric motor highway vehicles.](https://openamerica.io/bill/96-HR-4207/)