,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #eeac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ag1 #bjad  
,ms4 ,hahn introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to ext5d & modify 
! tax cr$it = electric vehicle re*>g+   
prop]ty4  #a4 ,%ort title ,?is ,act may 
be cit$ z ! ,electric ,*>g+ ,advancem5t 
,re=m ,act or z ! ,e-,c> ,act4  #b4     
,ext5sion & modification ( cr$it =      
electric c> re*>g+ prop]ty  7a7 ,9 g5]al
 ,section #cj;,c ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ to read z foll[s3
  #cj;,c4 ,electric vehicle re*>g+      
prop]ty cr$it  7a7 ,cr$it all[$ ,!re    
%all be all[$ z a cr$it aga9/ ! tax     
impos$ by ?is *apt] = ! taxable ye> an  
am\nt equal to #ej p]c5t ( ! co/ ( any  
qualifi$ electric vehicle re*>g+ prop]ty
 plac$ 9 s]vice by ! taxpay] dur+ !     
taxable ye>4  7b7 ,limitation ,! cr$it  
all[$ "u subsection 7a7 ) respect to all
 qualifi$ electric vehicle re*>g+       

prop]ty plac$ 9 s]vice by ! taxpay] dur+
 ! taxable ye> at a location %all n     
exce$--  7#a7 9 ! case ( a prop]ty ( a  
"* subject to an all[ance =             
depreciation1 ! great] (--  7,a7        
#ajj1jjj1 or  7,b7 #aj1jjj multipli$ by 
! numb] ( devices plac$ 9 s]vice at !   
location by ! taxpay] dur+ ! taxable    
ye>1 &  7#b7 #b1jjj 9 any o!r case4  7c7
 ,qualifi$ electric vehicle re*>g+      
prop]ty ,= purposes ( ?is section1 ! t]m
 qualifi$ electric vehicle re*>g+       
prop]ty means any prop]ty 7n includ+ a  
build+7 if--  7#a7 su* prop]ty is--     
7,a7 ( a "* subject to ! all[ance =     
depreciation1 or  7,b7 in/all$ on       
prop]ty :i* is us$ z ! pr9cipal resid5ce
 7)9 ! mean+ ( section #aba7 ( !        
taxpay]1  7#b7 ! orig9al use ( su*      
prop]ty beg9s ) ! taxpay]1 &  7#c7 su*  
prop]ty is = ! re*>g+ ( motor vehicles  
propell$ by electricity 7includ+ prop]ty
 relat+ to provid+ electricity = su*    
re*>g+ or o!rwise necess>y = su* re*>g+ 
prop]ty74  7d7 ,application ) o!r cr$its

  7#a7 ,bus9ess cr$it treat$ z "p (     
g5]al bus9ess cr$it ,s mu* ( ! cr$it :i*
 w\ld be all[$ "u subsection 7a7 = any  
taxable ye> 7det]m9$ )\t reg>d to ?is   
subsection7 t is attributable to prop]ty
 ( a "* subject to an all[ance =        
depreciation %all be treat$ z a cr$it   
li/$ 9 section #ch7;b7 = su* taxable ye>
 7& n all[$ "u subsection 7a774  7#b7   
,p]sonal cr$it  7,a7 ,9 g5]al ,=        
purposes ( ?is title1 ! cr$it all[$ "u  
subsection 7a7 = any taxable ye> 7aft] !
 application ( p>agraph 7#a77 %all be   
treat$ z a cr$it all[able "u subp>t ,a =
 su* taxable ye>4  7,b7 ,limitation bas$
 on am\nt ( tax ,9 ! case ( a taxable   
ye> to :i* section #bf7;a77#b7 does n   
apply1 ! cr$it all[$ "u subsection 7a7 =
 any taxable ye> 7det]m9$ aft]          
application ( p>agraph 7#a77 %all n     
exce$ ! excess (--  7i7 ! sum ( ! regul>
 tax liability 7z def9$ 9 section       
#bf7;b77 plus ! tax impos$ by section   
#ee1 ov]  7ii7 ! sum ( ! cr$its all[able
 "u subp>t ,a 7o!r ?an ?is section &    

sections #be;,d & #cj;,d7 & section #bg 
= ! taxable ye>4  7e7 ,special rules ,= 
purposes ( ?is section--  7#a7 ,basis   
r$uction ,! basis ( any prop]ty %all be 
r$uc$ by ! portion ( ! co/ ( su* prop]ty
 tak5 into acc\nt "u subsection 7a74    
7#b7 ,prop]ty us$ by tax-exempt entity  
,9 ! case ( any qualifi$ electric       
vehicle re*>g+ prop]ty ! use ( :i* is   
describ$ 9 p>agraph 7#c7 or 7#d7 (      
section #ej7;b7 7includ+ use by an      
,indian tribal gov]nm5t7 & :i* is n     
subject to a lease1 ! p]son :o sold su* 
prop]ty to ! p]son or entity us+ su*    
prop]ty %all be treat$ z ! taxpay] t    
plac$ su* prop]ty 9 s]vice1 b only if   
su* p]son cle>ly discloses to su* p]son 
or entity 9 a docum5t ! am\nt ( any     
cr$it all[able "u subsection 7a7 )      
respect to su* prop]ty 7det]m9$ )\t     
reg>d to subsection 7d774  7#c7 ,prop]ty
 us$ outside unit$ /ates n qualifi$ ,no 
cr$it %all be all[able "u subsection 7a7
 ) respect to any prop]ty ref]r$ to 9   
section #ej7;b77#a7 or ) respect to !   

portion ( ! co/ ( any prop]ty tak5 into 
acc\nt "u section #agi4  7#d7 ,election 
n to take cr$it ,no cr$it %all be all[$ 
"u subsection 7a7 = any prop]ty if !    
taxpay] elects n to h ?is section apply 
to su* prop]ty4  7#e7 ,recapture rules  
,rules simil> to ! rules ( section      
#agi;,a7e77#d7 %all apply4  7#f7 ,device
 ,= ! purposes ( subsection 7b77#a71 !  
t]m device means an individual item (   
prop]ty1 :e!r a /&-alone item or "p (   
prop]ty t includes multiple devices1 :i*
 functions to re*>ge "o vehicle at a "t4
  7#g7 ,jo9t own]%ip ( qualifi$ electric
 vehicle re*>g+ prop]ty  7,a7 ,9 g5]al  
,any qualifi$ electric vehicle re*>g+   
prop]ty %all n fail to be treat$ z su*  
prop]ty solely because su* prop]ty is   
plac$ 9 s]vice ) respect to #b or m     
dwell+ units4  7,b7 ,limits appli$      
sep>ately ,9 ! case ( any qualifi$      
electric vehicle re*>g+ prop]ty :i* is  
plac$ 9 s]vice ) respect to #b or m     
dwell+ units1 ?is section 7o!r ?an ?is  
subp>agraph7 %all be appli$ sep>ately ) 

respect to ! portion ( su* prop]ty      
attributable to ea* su* dwell+ unit4    
7f7 ,regulations ,! ,secret>y %all      
prescribe su* regulations z necess>y to 
c>ry out ! provisions ( ?is section4    
7g7 ,t]m9ation ,?is section %all n apply
 to any prop]ty plac$ 9 s]vice aft]     
,decemb] #ca1 #bjag4  4  7b7 ,con=m+    
am5dm5t ,clause 7ii7 ( section          
#cj;,d7c77#b77;,b7 ( su* ,code is am5d$ 
by /rik+ section #be;,d & ins]t+        
sections #be;,d & #cj;,c4  7c7          
,effective date  7#a7 ,9 g5]al ,except z
 provid$ 9 p>agraph 7#b71 ! am5dm5ts    
made by ?is section %all apply to       
prop]ty plac$ 9 s]vice aft] ,decemb]    
#ca1 #bjac4  7#b7 ,pres]vation ( la/ ye>
 ( cr$it = hydrog5 refuel+ prop]ty ,s   
mu* ( ! am5dm5t made by subsection 7a7 z
 relates to ! repeal ( section #cj;,c ( 
! ,int]nal ,rev5ue ,code ( #aihf 7z 9   
effect be=e ! date ( ! enactm5t ( ?is   
,act7 %all apply to prop]ty plac$ 9     
s]vice aft] ,decemb] #ca1 #bjad4