,,ii  #aafth ,,congress  #ast ,session  
,s4 #iic  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #b1 #bjai,mr4
 ,merkley 7for himself1 ,mr4 ,heinrich1 
,mr4 ,whitehouse1 ,ms4 ,smith1 ,ms4     
,harris1 ,mr4 ,booker1 ,mrs4 ,feinstein1
 ,mr4 ,sanders1 and ,ms4 ,cortez ,masto7
 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 extend certain tax credits     
related to electric cars1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,electric ,credit   
,access ,ready at ,sale ,act of #bjai or
 the ,electric ,,cars ,act of #bjai4    
#b4 ,extension and modification of new  
qualified plug-in electric drive motor  
vehicles credit  7a7 ,extension  7#a7   
,in general ,subsection 7e7 of section  
#cj;,d of the ,internal ,revenue ,code  
of #aihf is amended to read as follows3 
7e7 ,termination ,this section shall not
 apply to any new qualified plug-in     

electric drive motor vehicle placed in  
service after ,december #ca1 #bjbi4  4  
7#b7 #b- and #c-wheeled plug-in electric
 vehicles ,subparagraph 7,e7 of section 
#cj;,d7g77#c7 of such ,code is amended  
by striking or at the end of clause 7i71
 by redesignating clause 7ii7 as clause 
7iii71 and by inserting after clause 7i7
 the following new clause3  7ii7 after  
,december #ca1 #bjah1 and before        
,january #a1 #bjcj1 or  4  7b7 ,credit  
may be assigned to financing entity     
,section #cj;,d7f7 of the ,internal     
,revenue ,code of #aihf is amended by   
adding at the end the following new     
paragraph3  7#h7 ,credit may be assigned
 to financing entity  7,a7 ,in general  
,the taxpayer to whom the credit which  
would 7but for this paragraph7 be       
allowed under subsection 7a7 for any    
taxable year with respect to a vehicle  
may assign such credit to the person who
 financed the purchase 7or lease of at  
least #b years7 of such vehicle4 ,any   
person to whom such credit is assigned  

under the preceding sentence shall be   
treated for purposes of this title as   
the taxpayer who 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 taxpayer the
 amount of the credit allowable under   
subsection 7a7 with respect to such     
vehicle 7determined without regard to   
subsection 7c774  4  7c7 ,carryforward  
of unused credit ,section #cj;,d of the 
,internal ,revenue ,code of #aihf is    
amended by redesignating subsection 7g7 
7as amended by subsection 7a77#b77 as   
subsection 7h71 and by inserting after  
subsection 7f7 the following new        
subsection3  7g7 ,carryforward of unused
 credit  7#a7 ,in general ,if the credit
 allowable under subsection 7a7 7after  
the application of subsection 7e77      
exceeds the limitation imposed by       
section #bf7;a7 for such taxable year   
reduced by the sum of the credits       

allowable under this subpart 7other than
 subsection 7a7 of this section71 such  
excess shall be carried to the          
succeeding taxable year and treated as a
 credit allowable under subsection 7a7  
for such succeeding taxable year4  7#b7 
,limitation ,no amount of credit may be 
carried forward under this subsection to
 any taxable year following the #eth    
taxable year after the taxable year in  
which the credit arose4 ,for purposes of
 the preceding sentence1 credits shall  
be treated as used on a first-in1       
first-out basis4  4  7d7 ,effective     
dates  7#a7 ,extension ,the amendments  
made by subsection 7a7 shall apply to   
vehicles acquired after ,december #ca1  
#bjah4  7#b7 ,assignment ,the amendments
 made by subsection 7b7 shall apply to  
vehicles acquired more than #fj days    
after the date of the enactment of this 
,act4  7#c7 ,carryforward ,the          
amendments made by subsection 7c7 shall 
apply to vehicles sold after the date of
 the enactment of this ,act4  #c4       

,extension of the alternative fuel      
vehicle refueling property credit  7a7  
,in general ,section #cj;,c7g7 of the   
,internal ,revenue ,code of #aihf is    
amended by striking #bjag and inserting 
#bjbi4  7b7 ,effective date ,the        
amendment made by this section shall    
apply to property placed in service     
after ,december #ca1 #bjag4  #d4        
,extension of the alternative motor     
vehicle credit  7a7 ,in general         
,paragraph 7#a7 of section #cj;,b7k7 of 
the ,internal ,revenue ,code of #aihf is
 amended by striking #bjag and inserting
 #bjbi4  7b7 ,effective date ,the       
amendment made by this section shall    
apply to property placed in service     
after ,december #ca1 #bjag4