IN THE SENATE OF THE UNITED STATES
October 11, 2018
Mr. Heller introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.
Phaseout of new qualified plug-in electric drive motor vehicle credit
Section 30D(e) of the Internal Revenue Code of 1986 is amended—
in the heading, by striking
Limitation on number of new qualified plug-in electric drive motor vehicles eligible for credit and inserting
Phaseout of credit;
by striking paragraph (2) and inserting the following:
For purposes of this subsection, the phaseout period is calendar year 2022.
by striking paragraph (4).
The amendments made by this section shall apply to vehicles sold after December 31, 2018.