,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dehd  ,,in ,,the ,,house ,,of  
,,representatives  ,may #f1 #bjad ,mr4  
,welch 7for himself1 ,mr4 ,owens1 and   
,mr4 ,huffman7 introduced the following 
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to increase and extend  
the new qualified plug-in electric drive
 motor vehicles credit and to enable    
such credit to be converted to a rebate 
at the point of sale4  #a4 ,short title 
,this ,act may be cited as the ,electric
 ,credit ,access ,ready at ,sale ,act of
 #bjad or the ,electric ,,cars ,act4    
#b4 ,extension and modification of new  
qualified plug-in electric drive motor  
vehicles credit  7a7 ,increase in       
maximum credit ,paragraph 7#c7 of       
section #cj;,d7b7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking #e1jjj and inserting #g1ejj4   
7b7 ,extension ,subsection 7e7 of       
section #cj;,d of such ,code is amended 

to read as follows3  7e7 ,termination   
,this section shall not apply to        
vehicles sold after ,december #ca1      
#bjbj4  4  7c7 ,credit may be assigned  
to seller ,subsection 7f7 of section    
#cj;,d of such ,code is amended by      
adding at the end the following new     
paragraph3  7#h7 ,credit may be assigned
 to seller  7,a7 ,in general ,the credit
 which would 7but for this paragraph7 be
 allowed with respect to a vehicle under
 subsection 7a7 for any taxable year to 
any person 7hereafter in this paragraph 
referred to as the initial taxpayer7--  
7i7 if assigned by the initial taxpayer 
to the person who sold such vehicle to  
the initial taxpayer1 may be taken into 
account by such person1 and  7ii7 shall 
not be taken into account by the initial
 taxpayer4  ,any person to whom such    
credit is assigned under clause 7i7     
shall be treated for purposes of this   
title as the taxpayer that placed such  
vehicle in service4  7,b7 ,disclosure   
requirement ,subparagraph 7,a7 shall not

 apply with respect to any vehicle      
unless the person to whom the credit is 
assigned clearly discloses in writing to
 the initial taxpayer the amount of the 
credit allowable under subsection 7a7   
with respect to such vehicle 7determined
 without regard to subsection 7c774  4  
7d7 ,effective date  7#a7 ,in general   
,except as provided in paragraph 7#b71  
the amendments made by this section     
shall apply to vehicles acquired after  
the date of the enactment of this ,act4 
7#b7 ,subsection 7c7 ,the amendment made
 by subsection 7c7 shall apply to       
vehicles acquired more than #fj days    
after the date of the enactment of this 
,act4