[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 1779 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 1779

  To amend the Internal Revenue Code of 1986 to expand the new clean 
   vehicle credit to include clean vehicles with fewer than 4 wheels.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                 May 31 (legislative day, May 30), 2023

  Mr. Casey (for himself, Ms. Baldwin, and Mr. Wyden) 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 expand the new clean 
   vehicle credit to include clean vehicles with fewer than 4 wheels.

    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 ``Electric Motorcycle Parity Act of 
2023''.

SEC. 2. EXPANSION OF NEW CLEAN VEHICLE CREDIT TO INCLUDE CLEAN VEHICLES 
              WITH FEWER THAN 4 WHEELS.

    (a) In General.--Section 30D of the Internal Revenue Code of 1986, 
as amended by section 13401 of Public Law 117-169, is amended--
            (1) by redesignating subsection (h) as subsection (i), and
            (2) by inserting after subsection (g) the following:
    ``(h) Credit Allowed for Clean Vehicles With Fewer Than 4 Wheels.--
            ``(1) In general.--In the case of a qualified clean vehicle 
        with fewer than 4 wheels--
                    ``(A) there shall be allowed as a credit against 
                the tax imposed by this chapter for the taxable year an 
                amount equal to the sum of the applicable amount with 
                respect to each such qualified clean vehicle with fewer 
                than 4 wheels placed in service by the taxpayer during 
                the taxable year, and
                    ``(B) the amount of the credit allowed under 
                subparagraph (A) shall be treated as a credit allowed 
                under subsection (a).
            ``(2) Applicable amount.--For purposes of paragraph (1), 
        the applicable amount is an amount equal to the sum of--
                    ``(A) in the case of a vehicle with respect to 
                which the requirement described in subsection (e)(1)(A) 
                is satisfied, $3,750, plus
                    ``(B) in the case of a vehicle with respect to 
                which the requirement described in subsection (e)(2)(A) 
                is satisfied, $3,750.
            ``(3) Qualified clean vehicle with fewer than 4 wheels.--
        The term `qualified clean vehicle with fewer than 4 wheels' 
        means any vehicle which--
                    ``(A) has fewer than 4 wheels,
                    ``(B) meets the requirements of--
                            ``(i) subparagraphs (A), (B), (C), (E), 
                        (F), (G), and (H) of subsection (d)(1) 
                        (determined by substituting `2.5 kilowatt 
                        hours' for `7 kilowatt hours' in subparagraph 
                        (F)(i) of such subsection), or
                            ``(ii) subparagraphs (A), (C), (D), and (E) 
                        of section 30B(b)(3) and subparagraphs (G) and 
                        (H) of subsection (d)(1),
                    ``(C) is manufactured primarily for use on public 
                streets, roads, and highways, and
                    ``(D) is capable of achieving a speed of 45 miles 
                per hour or greater.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to vehicles acquired after December 31, 2022.
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