S. 4021 establishes a federal business tax credit for companies and organizations that purchase zero-emission electric landscaping equipment, such as battery-powered lawn mowers, garden tools, and electric generators. The credit covers 40 percent of the purchase price of qualifying equipment, with an annual cap of $25,000 per taxpayer and a 10-year aggregate limit of $100,000. The bill also allows credits for standalone batteries, charging equipment, and retrofitting existing gas-powered equipment to run on electric power. The tax credit takes effect for equipment purchased after December 31, 2024, and automatically expires five years after enactment, meaning it would only apply through 2031 unless Congress extends it. This legislation aims to reduce emissions from the landscaping industry by making electric equipment more affordable for small and large landscaping businesses.
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