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H.R. 2042 · 116th Congress

Electric CARS Act of 2019

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

PWD WelchSponsor
14 cosponsors · 14 D

Electric Credit Access Ready at Sale Act of 2019 or the Electric CARS Act of 2019

What it does: CRS summary · Introduced in House · Apr 2, 2019

Electric Credit Access Ready at Sale Act of 2019 or the Electric CARS Act of 2019

This bill modifies and extends several tax credits related to electric cars.

The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2029. 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 2029 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 2019

Also known as: Electric Credit Access Ready at Sale Act of 2019

Latest action (Apr 2, 2019): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Apr 2, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.