A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.
United States115th CongressS-3449Senate
Updated: Sep 17, 2018
Summary
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.
Bill texts
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Timeline
Read twice and referred to the Committee on Finance.
Senate
Introduced in Senate
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