[Congressional Record Volume 169, Number 66 (Thursday, April 20, 2023)]
[Senate]
[Page S1296]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. THUNE (for himself, Mr. Cassidy, Mr. Daines, Ms. Lummis,
Mr. Ricketts, and Mr. Rounds):
S. 1244. 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; to the Committee on Finance.
Mr. THUNE. Madam President, I ask unanimous consent that the text of
the bill be printed in the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
S. 1244
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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