Legis Daily

Electric CARS Act of 2021

USA117th CongressS-395| Senate 
| Updated: 2/23/2021
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (9)
Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Elizabeth Warren (Democratic)Sheldon Whitehouse (Democratic)Jacky Rosen (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 2021 or the Electric CARS Act of 2021 This bill modifies and extends tax credits for electric cars and alternative motor vehicles. The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2031. 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 2031 the tax credits for (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
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Timeline

Bill from Previous Congress

S 116-993
Electric CARS Act of 2019
Feb 23, 2021

Latest Companion Bill Action

HR 117-1271
Introduced in House
Feb 23, 2021
Introduced in Senate
Feb 23, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-993
    Electric CARS Act of 2019


  • February 23, 2021

    Latest Companion Bill Action

    HR 117-1271
    Introduced in House


  • February 23, 2021
    Introduced in Senate


  • February 23, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-1271: Electric CARS Act of 2021
Alternative and renewable resourcesEnergy efficiency and conservationHybrid, electric, and advanced technology vehiclesIncome tax credits

Electric CARS Act of 2021

USA117th CongressS-395| Senate 
| Updated: 2/23/2021
Electric Credit Access Ready at Sale Act of 2021 or the Electric CARS Act of 2021 This bill modifies and extends tax credits for electric cars and alternative motor vehicles. The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2031. 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 2031 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

Bill from Previous Congress

S 116-993
Electric CARS Act of 2019
Feb 23, 2021

Latest Companion Bill Action

HR 117-1271
Introduced in House
Feb 23, 2021
Introduced in Senate
Feb 23, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-993
    Electric CARS Act of 2019


  • February 23, 2021

    Latest Companion Bill Action

    HR 117-1271
    Introduced in House


  • February 23, 2021
    Introduced in Senate


  • February 23, 2021
    Read twice and referred to the Committee on Finance.
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (9)
Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Elizabeth Warren (Democratic)Sheldon Whitehouse (Democratic)Jacky Rosen (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Cory A. Booker (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 117-1271: Electric CARS Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesEnergy efficiency and conservationHybrid, electric, and advanced technology vehiclesIncome tax credits