Legis Daily

End Taxpayer Subsidies for Electric Vehicles Act

USA118th CongressS-3016| Senate 
| Updated: 10/4/2023
Rand Paul

Rand Paul

Republican Senator

Kentucky

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
End Taxpayer Subsidies for Electric Vehicles Act This bill eliminates the tax credit for the purchase of a qualified new clean vehicle. Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that is acquired new and for use by the taxpayer; is made by a qualified manufacturer; weighs less than 14,000 pounds; is manufactured primarily for use on public streets, roads, and highways; is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more; is capable of being recharged from an external source of electricity; and has final assembly occurring within North America.
View Full Text

Suggested Questions

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

Timeline
Oct 4, 2023
Introduced in Senate
Oct 4, 2023
Read twice and referred to the Committee on Finance.
  • October 4, 2023
    Introduced in Senate


  • October 4, 2023
    Read twice and referred to the Committee on Finance.

Taxation

End Taxpayer Subsidies for Electric Vehicles Act

USA118th CongressS-3016| Senate 
| Updated: 10/4/2023
End Taxpayer Subsidies for Electric Vehicles Act This bill eliminates the tax credit for the purchase of a qualified new clean vehicle. Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that is acquired new and for use by the taxpayer; is made by a qualified manufacturer; weighs less than 14,000 pounds; is manufactured primarily for use on public streets, roads, and highways; is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more; is capable of being recharged from an external source of electricity; and has final assembly occurring within North America.
View Full Text

Suggested Questions

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

Timeline
Oct 4, 2023
Introduced in Senate
Oct 4, 2023
Read twice and referred to the Committee on Finance.
  • October 4, 2023
    Introduced in Senate


  • October 4, 2023
    Read twice and referred to the Committee on Finance.
Rand Paul

Rand Paul

Republican Senator

Kentucky

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted