,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ceid  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #d1 #bjbj,mr4     
,braun 7= himself & ,ms4 ,ern/7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to elim9ate !     
cr$it = qualifi$ plug-9 electric drive  
motor vehicles = c]ta9 taxpay]s4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,end+ ! ,electric ,vehicle ,entitlem5t =
 ! ,weal?y4  #b4 ,elim9ation ( p]sonal  
cr$it bas$ on adju/$ gross income  7a7  
,9 g5]al ,subsection 7c7 ( section      
#cj;,d ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$-- 7#a7 9 p>agraph 7#b71  
by ins]t+ & 7#c7 aft] p>agraph 7#a71 &  
7#b7 by add+ at ! end ! foll[+ new      
p>agraph3  7#c7 ,elim9ation ( p]sonal   
cr$it bas$ on adju/$ gross income  7,a7 
,9 g5]al ,= purposes ( p>agraph 7#b71 9 
! case ( any new qualifi$ plug-9        
electric drive motor vehicle :i* is     
plac$ 9 s]vice by a taxpay] dur+ any    

taxable ye>1 if ! adju/$ gross income ( 
su* taxpay] = su* taxable ye> exce$s !  
?re%old am\nt1 ! am\nt ( ! cr$it o!rwise
 all[able "u subsection 7a7 = su*       
taxable ye> %all be r$uc$ to z]o4  7,b7 
,?re%old am\nt ,= purposes ( ?is        
p>agraph1 ! t]m ?re%old am\nt means--   
7i7 9 ! case ( any taxpay] fil+ a jo9t  
return = ! taxable ye>1 #cbf1fjj1 &     
7ii7 9 ! case ( any taxpay] n fil+ a    
jo9t return = ! taxable ye>1 #afc1cjj4  
7,c7 ,inflation adju/m5t  7i7 ,9 g5]al  
,9 ! case ( any taxable ye> beg9n+ aft] 
#bjba1 ea* ( ! doll> am\nts 9           
subp>agraph 7,b7 %all be increas$ by an 
am\nt equal to-- 7,i7 su* doll> am\nt1  
multipli$ by  7,,ii7 ! co/-(-liv+       
adju/m5t det]m9$ "u section #a7;f77#c7 =
 ! cal5d> ye> 9 :i* ! taxable ye> beg9s 
by sub/itut+ cal5d> ye> #bjbj = cal5d>  
ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4  
7ii7 ,r\nd+ ,if any increase det]m9$ "u 
clause 7i7 is n a multiple ( #ajj1 su*  
increase %all be r\nd$ to ! ne>e/       
multiple ( #ajj4  4  7b7 ,effective date

 ,! am5dm5ts made by ?is section %all   
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjbj4