S. 3594 · 116th Congress
Ending the Electric Vehicle Entitlement for the Wealthy
- Stage
- In committee
- Sponsor
- Mike Braun
- Introduced
- 2020-05-04
- Latest action
- 2020-05-04 · Introduced in Senate
Summary
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.