3.0.0 3449 2023-01-11T13:41:21Z 2023-01-11T13:41:21Z Senate S 2018-09-17 115 ssfi00 Finance Committee Senate Standing Referred to 2018-09-17T22:39:46Z Electric CARS Act of 2018 115 6274 HR 2018-06-28 Referred to the House Committee on Ways and Means. Related bill CRS 2018-09-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-09-17 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2018-09-17 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2018-09-17 True H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. 2018-09-17 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2018-09-17 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2018-09-17 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2018-09-18 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2018-10-10 False S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2018-10-11 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2018-10-11 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2018-12-18 False Taxation Alternative and renewable resources Energy efficiency and conservation Hybrid, electric, and advanced technology vehicles Income tax credits Taxation 00 2018-09-17 Introduced in Senate 2019-02-06T18:10:47Z 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.

]]> Electric CARS Act of 2018 Display Title Electric CARS Act of 2018 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes. Introduced in Senate IS Short Titles as Introduced Electric CARS Act of 2018 Short Titles as Introduced Electric Credit Access Ready at Sale Act of 2018 Introduced in Senate 2018-09-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3449is/xml/BILLS-115s3449is.xml 2018-09-17 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.