[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 1244 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 1244

 To amend the Internal Revenue Code of 1986 to prevent double dipping 
       between tax credits and grants or loans for clean vehicle 
                             manufacturers.


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                   IN THE SENATE OF THE UNITED STATES

                             April 20, 2023

   Mr. Thune (for himself, Mr. Cassidy, Mr. Daines, Ms. Lummis, Mr. 
Ricketts, and Mr. Rounds) introduced the following bill; which was read 
             twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to prevent double dipping 
       between tax credits and grants or loans for clean vehicle 
                             manufacturers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ending Duplicative Subsidies for 
Electric Vehicles Act''.

SEC. 2. COORDINATION OF ELECTRIC VEHICLE CREDITS WITH OTHER SUBSIDIES.

    (a) In General.--Section 30D(d)(3) of the Internal Revenue Code of 
1986, as amended by Public Law 117-169, is amended by adding at the end 
the following new sentence: ``Such term shall not include any person 
who has received a loan under section 136(d) of the Energy Independence 
and Security Act of 2007, a loan guarantee under section 1703 of the 
Energy Policy Act of 2005 with respect to a project described in 
section 1703(b)(8) of such Act, or a grant under section 50143 of the 
Act titled `An Act to provide for reconciliation pursuant to title II 
of S. Con. Res. 14' for the taxable year in which the new clean vehicle 
is placed in service or any prior taxable year.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2022.
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