S. 993 · 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.
10 cosponsors · 9 D, 1 I
8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Electric Credit Access Ready at Sale Act of 2019 or the Electric CARS Act of 2019
What it does: CRS summary · Introduced in Senate · 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): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Apr 2, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.