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A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.

USA115th CongressS-3449| Senate 
| Updated: 9/17/2018
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (10)
Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Edward J. Markey (Democratic)Kamala D. Harris (Democratic)Sheldon Whitehouse (Democratic)Martin Heinrich (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Cory A. Booker (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Electric Credit Access Ready at Sale Act of 2018 or the Electric CARS Act of 2018 This bill amends the Internal Revenue Code to modify and extend several tax credits related to electric cars. The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2028. In addition, the bill modifies the credit to: remove the limitation on the number of vehicles per manufacturer that are eligible for the credit, allow a taxpayer to assign the credit to a financing entity, and allow an unused credit to be carried forward for five years. The bill also extends through 2028 the tax credits for: (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
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Timeline
Jun 28, 2018

Latest Companion Bill Action

HR 115-6274
Introduced in House
Sep 17, 2018
Introduced in Senate
Sep 17, 2018
Read twice and referred to the Committee on Finance.
  • June 28, 2018

    Latest Companion Bill Action

    HR 115-6274
    Introduced in House


  • September 17, 2018
    Introduced in Senate


  • September 17, 2018
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 115-6274: To amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.
Alternative and renewable resourcesEnergy efficiency and conservationHybrid, electric, and advanced technology vehiclesIncome tax credits

A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.

USA115th CongressS-3449| Senate 
| Updated: 9/17/2018
Electric Credit Access Ready at Sale Act of 2018 or the Electric CARS Act of 2018 This bill amends the Internal Revenue Code to modify and extend several tax credits related to electric cars. The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2028. In addition, the bill modifies the credit to: remove the limitation on the number of vehicles per manufacturer that are eligible for the credit, allow a taxpayer to assign the credit to a financing entity, and allow an unused credit to be carried forward for five years. The bill also extends through 2028 the tax credits for: (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 28, 2018

Latest Companion Bill Action

HR 115-6274
Introduced in House
Sep 17, 2018
Introduced in Senate
Sep 17, 2018
Read twice and referred to the Committee on Finance.
  • June 28, 2018

    Latest Companion Bill Action

    HR 115-6274
    Introduced in House


  • September 17, 2018
    Introduced in Senate


  • September 17, 2018
    Read twice and referred to the Committee on Finance.
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (10)
Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Edward J. Markey (Democratic)Kamala D. Harris (Democratic)Sheldon Whitehouse (Democratic)Martin Heinrich (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Cory A. Booker (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 115-6274: To amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesEnergy efficiency and conservationHybrid, electric, and advanced technology vehiclesIncome tax credits