US SB1094 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 5-2-1)
Status: Introduced on April 9 2019 - 25% progression, died in committee
Action: 2019-04-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Expands the tax credit for new plug-in electric drive motor vehicles and extends the tax credit for new fuel cell motor vehicles. (Under current law, taxpayers who purchase a qualified plug-in electric drive motor vehicle are eligible for a tax credit of up to $7,500, which begins to phase out once a manufacturer sells 200,000 qualified vehicles.) The bill allows an additional 400,000 vehicles per manufacturer to be eligible for a credit of up to $7,000 before the credit begins to phase out. The bill also extends the tax credit for fuel cell motor vehicles through 2028. (Under current law, the credit expired after 2017.)

Tracking Information

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Title

Driving America Forward Act

Sponsors


History

DateChamberAction
2019-04-09SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2256 (Same As) 2019-04-10 - Referred to the House Committee on Ways and Means.
HB7330 (Related) 2020-06-25 - Referred to the House Committee on Ways and Means.
HB7516 (Related) 2020-07-10 - Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Subjects


US Congress State Sources


Bill Comments

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