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H.R. 3796: ELITE Vehicles Act

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jun 8, 2021.

Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act

This bill terminates the tax credit for new qualified plug-in electric drive motor vehicles 30 days after this bill's enactment date. The credit is permanently repealed for taxable years beginning 1 year and 30 days after enactment.