,i #aadth ,,congress #ast ,session ,h4 ,r4 #afig ,,in ,,the ,,house ,,of ,,representatives ,march #bf1 #bjae ,ms4 ,hahn 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 extend and modify the tax credit for electric vehicle recharging property4 #a4 ,short title ,this ,act may be cited as the ,electric ,charging ,and ,refueling ,act or as the ,e-,car ,act4 #b4 ,extension and modification of credit for electric car recharging property 7a7 ,in general ,section #cj;,c of the ,internal ,revenue ,code of #aihf is amended to read as follows3 #cj;,c4 ,electric vehicle charging and refueling property credit 7a7 ,credit allowed ,there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to #ej percent of the cost of any qualified electric vehicle recharging or refueling property placed in service by the taxpayer during the taxable year4 7b7 ,limitation ,the credit allowed under subsection 7a7 with respect to all qualified electric vehicle recharging property placed in service by the taxpayer during the taxable year at a location shall not exceed-- 7#a7 in the case of a property of a character subject to an allowance for depreciation1 the greater of-- 7,a7 #ajj1jjj1 or 7,b7 #aj1jjj multiplied by the number of devices placed in service at the location by the taxpayer during the taxable year1 and 7#b7 #b1jjj in any other case4 7c7 ,definitions ,for purposes of this section-- 7#a7 ,qualified electric vehicle recharging or refueling property ,the term qualified electric vehicle recharging property means any property 7not including a building7 if-- 7,a7 such property is-- 7i7 of a character subject to the allowance for depreciation1 or 7ii7 installed on property which is used as the principal residence 7within the meaning of section #aba7 of the taxpayer1 7,b7 the original use of such property begins with the taxpayer1 7,c7 such property is for the recharging or refueling of motor vehicles propelled by electricity1 including property providing electricity for plug-in electric drive vehicles and property providing hydrogen for fuel cell electric vehicles1 and 7,d7 such property includes related property providing electricity for such recharging or is otherwise necessary for such recharging or refueling property4 7#b7 ,device ,the term device means an individual item of property1 whether a stand-alone item or part of property that includes multiple devices1 which functions to recharge one vehicle at a time4 7d7 ,application with other credits 7#a7 ,business credit treated as part of general business credit ,so much of the credit which would be allowed under subsection 7a7 for any taxable year 7determined without regard to this subsection7 that is attributable to property of a character subject to an allowance for depreciation shall be treated as a credit listed in section #ch7;b7 for such taxable year 7and not allowed under subsection 7a774 7#b7 ,personal credit ,for purposes of this title1 the credit allowed under subsection 7a7 for any taxable year 7after the application of paragraph 7#a77-- 7,a7 shall be treated as a credit allowable under subpart ,a for such taxable year1 and 7,b7 shall not exceed the excess of-- 7i7 the sum of the regular tax liability 7as defined in section #bf7;b77 plus the tax imposed by section #ee1 over 7ii7 the sum of the credits allowable under subpart ,a 7other than this section and sections #be;,d and #cj;,d7 and section #bg for the taxable year4 7e7 ,special rules ,for purposes of this section-- 7#a7 ,reduction in basis ,for purposes of this subtitle1 the basis of any property for which a credit is allowable under subsection 7a7 shall be reduced by the amount of such credit so allowed 7determined without regard to subsection 7d774 7#b7 ,property used by tax-exempt entity ,in the case of any qualified electric vehicle recharging property the use of which is described in paragraph 7#c7 or 7#d7 of section #ej7;b7 7including use by an ,indian tribal government7 and which is not subject to a lease1 the person who sold such property to the person or entity using such property shall be treated as the taxpayer that placed such property in service1 but only if such person clearly discloses to such person or entity in a document the amount of any credit allowable under subsection 7a7 with respect to such property 7determined without regard to subsection 7d774 7#c7 ,property used outside ,united ,states not qualified ,no credit shall be allowable under subsection 7a7 with respect to any property referred to in section #ej7;b77#a7 or with respect to the portion of the cost of any property taken into account under section #agi4 7#d7 ,election not to take credit ,no credit shall be allowed under subsection 7a7 for any property if the taxpayer elects not to have this section apply to such property4 7#e7 ,recapture rules ,rules similar to the rules of section #agi;,a7e77#d7 shall apply4 7#f7 ,joint ownership of qualified electric vehicle recharging property 7,a7 ,in general ,any qualified electric vehicle recharging property shall not fail to be treated as such property solely because such property is placed in service with respect to #b or more dwelling units4 7,b7 ,limits applied separately ,in the case of any qualified electric vehicle recharging property which is placed in service with respect to #b or more dwelling units1 this section 7other than this subparagraph7 shall be applied separately with respect to the portion of such property attributable to each such dwelling unit4 4 7b7 ,conforming amendment ,clause 7ii7 of section #cj;,d7c77#b77;,b7 of such ,code is amended by striking section #be;,d and inserting sections #be;,d and #cj;,c4 7c7 ,effective date 7#a7 ,in general ,except as provided in paragraph 7#b71 the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac4 7#b7 ,hydrogen refueling property ,the amendments made by this subsection shall apply to hydrogen property placed in service after ,december #ca1 #bjad4