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S. 3582 (115th): A bill to amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.

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About the bill

How much money should a customer get for buying a Tesla or similar car?

Context

Anybody who purchases an electric vehicle can receive a $7,500 federal tax credit. The most famous electric vehicles are produced by Telsa, the company founded by Elon Musk.

However, that tax credit is cut in half to $3,750 and then again shortly thereafter to $1,875 once an automaker has sold 200 thousand vehicles in the U.S. The provision was started in 2010 during the Obama Administration, intended to help smaller companies get off the ground but not unnecessarily help companies that are already large and successful.

Tesla sold its 200 thousandth electric vehicle in July, meaning that starting in January their products will no longer be eligible for the full tax credit.

What the …

Sponsor and status

Dean Heller

Sponsor. Senator for Nevada. Republican.

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Last Updated: Oct 11, 2018
Length: 2 pages
Introduced
Oct 11, 2018
115th Congress (2017–2019)
Status
Died in a previous Congress

This bill was introduced on October 11, 2018, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Source

History

Oct 11, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

S. 3582 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 3582. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

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“S. 3582 — 115th Congress: A bill to amend the Internal Revenue Code of 1986 to establish a new phaseout ….” www.GovTrack.us. 2018. January 19, 2022 <https://www.govtrack.us/congress/bills/115/s3582>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.