H.R. 6323 (112th): Electric Vehicle Purchasing Credit Expansion Act of 2012

112th Congress, 2011–2013. Text as of Aug 02, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

HR 6323 IH

112th CONGRESS

2d Session

H. R. 6323

To amend the Internal Revenue Code of 1986 to increase the credit limitation for new qualified plug-in electric drive motor vehicles.

IN THE HOUSE OF REPRESENTATIVES

August 2, 2012

Ms. HAHN introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to increase the credit limitation for new qualified plug-in electric drive motor vehicles.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Electric Vehicle Purchasing Credit Expansion Act of 2012’.

SEC. 2. INCREASE IN CREDIT LIMITATION FOR NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.

    (a) Base Amount of Per Vehicle Limitation- Paragraph (2) of section 30D(b) of the Internal Revenue Code of 1986 is amended by striking ‘$2,500’ and inserting ‘$3,750’.

    (b) Battery Capacity Limitation- Paragraph (3) of section 30D(b) of such Code is amended by striking ‘$5,000’ and inserting ‘$6,250’.

    (c) Effective Date- The amendments made by this section shall apply to vehicles placed in service after the date of the enactment of this Act.