To amend the Internal Revenue Code of 1986 to reduce the tax credit for new qualified plug-in electric drive motor vehicles by State subsidies for these vehicles.
About This Bill
Committee
Latest Action · January 12, 2023
Referred to the House Committee on Ways and Means.
Close the Double Subsidy Loophole for Electric Vehicles Act
This bill reduces the allowable amount of the tax credit for a new qualified plug-in electric drive motor vehicle by any subsidy made available by the state in which the vehicle is registered and was placed in service.
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