E-BIKE Act
- Last Action
- 12/17/2024
Actions
- 2024-12-17Referred to the Subcommittee on Work and Welfare.
- 2023-03-21Referred to the House Committee on Ways and Means.
- 2023-03-21Introduced in House
- 2023-03-21Introduced in House
CRS Summary
As of 2023-03-21 (00)
Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act
This bill allows individual taxpayers a new tax credit for 30% of the cost of a qualified electric bicycle. The bill defines qualified electric bicycle to mean a bicycle or tricycle that does not cost more than $8,000 and that is equipped with fully operable pedals, a saddle or seat for the rider, and an electric motor of less than 750 watts designed to assist in propelling the bicycle or tricycle under certain conditions
The bill requires the Internal Revenue Service to establish a program to make advance payments of the credit and to publicly report on the number of taxpayers claiming the credit and the aggregate dollar amount of the credit, beginning in 2023 and 2024.
Cosponsors (20)
- EARL BLUMENAUER (D-OR)
- MIKE THOMPSON (D-CA)
- ADAM SCHIFF (D-CA)
- Emanuel Cleaver (D-MO)
- Jimmy Gomez (D-CA)
- Jamie Raskin (D-MD)
- C. A. Ruppersberger (D-MD)
- ELEANOR NORTON (D-DC)
- JANICE SCHAKOWSKY (D-IL)
- Ro Khanna (D-CA)
- Melanie Stansbury (D-NM)
- Scott Peters (D-CA)
- JAMES MCGOVERN (D-MA)
- Daniel Goldman (D-NY)
- Sean Casten (D-IL)
- Doris Matsui (D-CA)
- David Trone (D-MD)
- Wiley Nickel (D-NC)
- Mark DeSaulnier (D-CA)
- ZOE LOFGREN (D-CA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.