Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
Latest action · Sep 21, 2023 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 21, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
This bill expands the clean vehicle tax credit to include new qualified off-road plug-in electric vehicles. The amount of the tax credit allowed for a new qualified off-road plug-in electric vehicle is 10% of the cost of the vehicle or $2,500, whichever is lower.
The bill defines a new qualified off-road plug-in electric vehicle as any vehicle that
- is acquired new and for use by the taxpayer;
- is made by a qualified manufacturer;
- is powered by an electric motor that draws electricity from a battery with a capacity of at least six kilowatt hours;
- has final assembly occurring in North America;
- has a dry weight of less than 3,500 pounds;
- has three or more wheels;
- has one or more seats;
- is manufactured primarily for off-road use;
- is designed for use on rough terrain and, except in the case of a vehicle designed to operate on land and water, is not designed to operate on rails, in the air, or in or on the water; and
- is capable of reaching a speed of 40 miles per hour.
Under current law, a qualified manufacturer is any manufacturer that has a written agreement with the Internal Revenue Service and submits reports containing information about each eligible clean vehicle.
Finally, the bill allows the tax credit for a new qualified off-road plug-in electric vehicle to be transferred from the taxpayer to an eligible entity (e.g., vehicle dealer) in exchange for a financial benefit (e.g., rebate).
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Sep 21, 2023Introduced in House
- Sep 21, 2023Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 21, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
