S. 3449 · 115th Congress
Electric CARS Act of 2018
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MerkleySponsor10 cosponsors · 9 D, 1 I
D
Booker
CC
D
Cortez Masto
DF
D
Feinstein
MH
D
Heinrich
KH
D
Harris
SW
D
Whitehouse
BS
D
Schatz
BS
I
Sanders
TS
D
Smith
EM
D
Markey5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Electric Credit Access Ready at Sale Act of 2018 or the Electric CARS Act of 2018
What it does: CRS summary · Introduced in Senate · Sep 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Electric CARS Act of 2018
Also known as: Electric Credit Access Ready at Sale Act of 2018
Latest action (Sep 17, 2018): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Sep 17, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.