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119-s-1229119th CongressWALLET
End Taxpayer Subsidies for Electric Vehicles Act
Sponsored By: Senator Paul, Rand [R-KY]
Introduced
Summary
Repeals the federal clean vehicle tax credit. This bill would remove section 30D from the Internal Revenue Code and end the federal tax incentive for qualifying clean and electric vehicles.
Show full summary
- Buyers and families: Would eliminate the federal tax credit for qualifying clean vehicle purchases. The repeal would apply to vehicles placed in service during any calendar year beginning after enactment.
- Tax code and taxpayers: Strikes section 30D and makes conforming amendments across multiple Code provisions. It also preserves limited pre-enactment language in certain provisions that reference the credit.
- Legal and administrative scope: Changes references in several statutes and tax sections, including provisions in the Internal Revenue Code and title 23 of the U.S. Code, to remove or adjust links to the repealed credit.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
No more federal EV tax credit
This bill would repeal the federal clean vehicle (EV) tax credit. If enacted, you would not be able to claim the federal EV credit. This would apply to cars first placed in service in any calendar year that begins after the date of enactment. The bill also removes or edits other tax-code references that point to that credit. If passed, prospective EV buyers could pay thousands more without the federal tax break.
Sponsors & CoSponsors
Sponsor
Paul, Rand [R-KY]
KY • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov