A bill to amend the Internal Revenue Code of 1986 to eliminate the credit for qualified plug-in electric drive motor vehicles for certain taxpayers.
Ending the Electric Vehicle Entitlement for the Wealthy
This bill eliminates the tax credit for qualified plug-in electric drive motor vehicles for any taxpayer whose adjusted gross income exceeds $163,300 ($326,600 for joint returns) in a taxable year. These threshold amounts are adjusted for inflation for taxable years beginning after 2021.Introduced in Senate
Read twice and referred to the Committee on Finance.
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