Green Bus Tax Credit Act of 2021
- Last Action
- 1/28/2021
Actions
- 2021-01-28Referred to the House Committee on Ways and Means.
- 2021-01-28Introduced in House
- 2021-01-28Introduced in House
CRS Summary
As of 2021-01-28 (00)
Green Bus Tax Credit Act of 2021
This bill allows a manufacturer a zero-emission bus tax credit through 2026.
The credit is equal to 10% of the sales price of a zero-emission bus. The credit only applies to the first $1 million of a vehicle's sales price and to buses used primarily in the United States and its possessions.
The bill defines zero-emission bus as a motor vehicle that has a gross vehicle weight rating of not less than 14,000 pounds, is not powered or charged by an internal combustion engine, is propelled solely by an electric motor that draws electricity from a battery or fuel cell, and is designed to carry 15 or more passengers.
Cosponsors (6)
- Daniel Kildee (D-MI)
- Donald Beyer (D-VA)
- EARL BLUMENAUER (D-OR)
- Julia Brownley (D-CA)
- Thomas Suozzi (D-NY)
- GRACE NAPOLITANO (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.