H.R. 3796 · 117th Congress
Eliminate Lavish Incentives To Electric Vehicles Act
- Stage
- In committee
- Sponsor
- Jason Smith
- Introduced
- 2021-06-08
- Latest action
- 2021-06-08 · Introduced in House
Summary
Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act
This bill terminates the tax credit for new qualified plug-in electric drive motor vehicles 30 days after this bill's enactment date. The credit is permanently repealed for taxable years beginning 1 year and 30 days after enactment.