H.R. 4584 · 113th Congress
Electric CARS Act
- Stage
- In committee
- Sponsor
- Peter Welch
- Introduced
- 2014-05-06
- Latest action
- 2014-05-06 · Introduced in House
Summary
Electric Credit Access Ready at Sale Act of 2014 or the Electric CARS Act - Amends the Internal Revenue Code to increase the maximum amount of the tax credit for new qualified plug-in electric drive motor vehicles to $7,500 and to extend the termination date of such credit to December 31, 2020. Permits the credit to be assigned to the sellers of such vehicles.