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HR 4207 96th Congress House Taxation Electric automobiles Electric vehicles Income tax Motor Vehicles and Driving Tax credits Tax incentives

A bill to amend the Internal Revenue Code of 1954 to allow a credit for the purchase of electric motor highway vehicles.

Introduced: May 23, 1979 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 1979
Referred to House Committee on Ways and Means.
May 23, 1979
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now May 23, 1979

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1