H.R. 9481 · 117th Congress
Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
- Stage
- In committee
- Sponsor
- Dean Phillips
- Introduced
- 2022-12-08
- Latest action
- 2022-12-08 · Introduced in House
Summary
Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
This bill allows a new tax credit for new off-road plug-in electric vehicles. The amount of the credit in a taxable year is the lesser of 10% of the cost of such vehicle, or $2,500. The bill defines a new qualified off-road plug-in electric vehicle to include any vehicle that has a capacity of not less than 6 kilowatt hours (currently, 7 kilowatt hours), has a dry weight of less that 3,500 pounds, has 3 or more wheels and 1 or more seats, is designed to be used primarily on rough terrain, and is capable of achieving a speed of 40 miles per hour.