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    Representative Kelly introduced a bill to amend the Internal Revenue Code to repeal the tax credit for plug-in electric drive vehicles. The bill proposes removing subsection (g) of section 30D, which would terminate the tax credit for vehicles placed in service after the date of enactment of the bill. If passed, the bill would eliminate the federal tax incentive for purchasing plug-in electric vehicles.

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    Representative Kelly introduced a bill to amend the Internal Revenue Code to repeal the tax credit for plug-in electric drive vehicles. The bill proposes removing subsection (g) of section 30D, which would terminate the tax credit for vehicles placed in service after the date of enactment of the bill. If passed, the bill would eliminate the federal tax incentive for purchasing plug-in electric vehicles.

    Copyright:

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    156 views1 page

    Bills 112hr3768ih

    Uploaded by

    juan_barnett1424
    Representative Kelly introduced a bill to amend the Internal Revenue Code to repeal the tax credit for plug-in electric drive vehicles. The bill proposes removing subsection (g) of section 30D, which would terminate the tax credit for vehicles placed in service after the date of enactment of the bill. If passed, the bill would eliminate the federal tax incentive for purchasing plug-in electric vehicles.

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    of 1

    I

    112TH CONGRESS 1ST SESSION

    H. R. 3768

    To amend the Internal Revenue Code of 1986 to repeal the credit for plugin electric drive vehicles.

    IN THE HOUSE OF REPRESENTATIVES


    Mr. KELLY DECEMBER 30, 2011 introduced the following bill; which was referred to the Committee on Ways and Means

    A BILL
    To amend the Internal Revenue Code of 1986 to repeal the credit for plug-in electric drive vehicles. 1 Be it enacted by the Senate and House of Representa-

    2 tives of the United States of America in Congress assembled, 3 4 5


    SECTION 1. REPEAL OF CREDIT FOR PLUG-IN ELECTRIC DRIVE VEHICLES.

    Subsection (g) of section 30D of the Internal Rev-

    6 enue Code of 1986 is amended to read as follows: 7 (g) TERMINATION.This section shall not apply to

    8 property placed in service after the date of the enactment


    TKELLEY on DSK3SPTVN1PROD with BILLS

    9 of this sentence..

    VerDate Mar 15 2010

    22:17 Dec 30, 2011

    Jkt 019200

    PO 00000

    Frm 00001

    Fmt 6652

    Sfmt 6301

    E:\BILLS\H3768.IH

    H3768

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