H. R. 583
IN THE HOUSE OF REPRESENTATIVES
January 28, 2021
Mr. Panetta (for himself, Mr. Kildee, Mr. Beyer, Mr. Blumenauer, Ms. Brownley, and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to provide for a credit for zero-emission buses.
This Act may be cited as the
Green Bus Tax Credit Act of 2021.
Credit for zero-emission buses
Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
Zero-emission bus credit
Allowance of credit
For purposes of section 38, in the case of a manufacturer of a zero-emission bus, the zero-emission bus credit determined under this section for a taxable year is an amount equal to 10 percent of the sum of the sale price of each zero-emission bus sold by such taxpayer during such taxable year.
The sale price of a zero-emission bus may not be taken into account under subsection (a) to the extent such price exceeds $1,000,000.
For purposes of this section—
zero-emission bus means a motor vehicle which—
has a gross vehicle weight rating of not less than 14,000 pounds,
is not powered or charged by an internal combustion engine,
is propelled solely by an electric motor which draws electricity from a battery or fuel cell, and
is designed to carry 15 or more passengers.
Motor vehicle; manufacturer
motor vehicle and
manufacturer have the meaning given such terms in paragraphs (2) and (3) of section 30D(d), respectively.
For purposes of this section, the sale price of a zero-emission bus shall be reduced by any rebate or other incentive given before, on, or after the date of the sale.
No credit shall be allowed under subsection (a) with respect to a zero-emission bus to a manufacturer who knows or has reason to know that such vehicle will not be used primarily in the United States or a possession of the United States.
The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section.
This section shall not apply to sales after December 31, 2026.
Credit made part of general business credit
Subsection (b) of section 38 of such Code is amended by striking
plus at the end of paragraph (32), by striking the period at the end of paragraph (33) and inserting
, plus, and by adding at the end the following new paragraph:
the zero-emission bus credit determined under section 45U.
The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item:
Sec. 45U. Zero-emission bus credit..
The amendments made by this section shall apply to sales after the date of the enactment of this Act.