FAST Electricity Act
- Last Action
- 5/24/2021
Actions
- 2021-05-24Read twice and referred to the Committee on Finance.
- 2021-05-24Introduced in Senate
CRS Summary
As of 2021-05-24 (00)
Fueling America's Security and Transportation with Electricity Act of 2021 or the FAST Electricity Act
This bill expands the tax credit for plug-in electric drive motor vehicles to include a 30% credit for additional electric transportation options capable of moving passengers, cargo, or property and powered by an integrated, on-board electric propulsion system. It also allows a credit for recharging and hydrogen refueling property and provides loan guarantees for transportation electrification domestic manufacturing facilities.
Cosponsors (1)
- Debbie Stabenow (D-MI)
Subjects
- Air quality
- Alternative and renewable resources
- Climate change and greenhouse gases
- Energy storage, supplies, demand
- Government lending and loan guarantees
- Hybrid, electric, and advanced technology vehicles
- Income tax credits
- Industrial facilities
- Manufacturing
- Motor fuels
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.