To amend the Internal Revenue Code of 1986 to establish a business tax credit for the purchase of zero-emission electric lawn, garden, and landscape equipment, and for other purposes.
About This Bill
Committee
Latest Action · October 25, 2023
Referred to the House Committee on Ways and Means.
This bill establishes a federal tax credit for businesses that purchase zero-emission electric lawn, garden, and landscaping equipment. The credit covers 40 percent of the equipment cost, including electric mowers, trimmers, generators, batteries, and retrofit kits powered by solar, batteries, fuel cells, or grid electricity. Businesses can claim up to $25,000 per year in credits, with a maximum of $100,000 over any consecutive ten-year period. The legislation applies to equipment purchases made after December 31, 2022, and is designed to incentivize landscaping businesses and other enterprises to switch from gasoline-powered equipment to cleaner electric alternatives that reduce emissions.
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