To amend the Internal Revenue Code of 1986 to increase the manufacturer limitation on the number of new qualified plug-in electric drive motor vehicles eligible for credit.

Amends the Internal Revenue Code to increase from 200,000 to 500,000 the limit on the number of new qualified plug-in electric drive vehicles that may be manufactured for purposes of the phase-out of the tax credit for such vehicles.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 500 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 500

To amend the Internal Revenue Code of 1986 to increase the manufacturer 
limitation on the number of new qualified plug-in electric drive motor 
                     vehicles eligible for credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 2011

 Mr. Levin (for himself, Mr. Dingell, Mr. Blumenauer, Mr. Kildee, Mr. 
  Clarke of Michigan, and Mr. Peters) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to increase the manufacturer 
limitation on the number of new qualified plug-in electric drive motor 
                     vehicles eligible for credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN MANUFACTURER LIMITATION ON THE NUMBER OF 
              QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES ELIGIBLE 
              FOR CREDIT.

    Paragraph (2) of section 30D(e) of the Internal Revenue Code of 
1986 is amended by striking ``200,000'' and inserting ``500,000''.
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