legislation: 115-s-3449

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
115-s-3449 115 s 3449 Electric CARS Act of 2018 Taxation 2018-09-17 2018-09-17 Read twice and referred to the Committee on Finance. Senate Sen. Merkley, Jeff [D-OR] OR D M001176 10 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. 2023-01-11T13:41:21Z  

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