,,ii #aaeth ,,congress #b;d ,session ,s4 #cehb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,october #aa1 #bjah,mr4 ,heller introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to establish a new phaseout of the credit for plug-in electric drive motor vehicles4 #a4 ,phaseout of new qualified plug-in electric drive motor vehicle credit 7a7 ,in general ,section #cj;,d7e7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in the heading1 by striking ,limitation on number of new qualified plug-in electric drive motor vehicles eligible for credit and inserting ,phaseout of credit2 7#b7 by striking paragraph 7#b7 and inserting the following3 7#b7 ,phaseout period ,for purposes of this subsection1 the phaseout period is calendar year #bjbb4 2 and 7#c7 by striking paragraph 7#d74 7b7 ,effective date ,the amendments made by this section shall apply to vehicles sold after ,december #ca1 #bjah4