,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #iic  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,april #b1 #bjai,mr4   
,m]kley 7= himself1 ,mr4 ,he9ri*1 ,mr4  
,:iteh\se1 ,ms4 ,smi?1 ,ms4 ,h>ris1 ,mr4
 ,book]1 ,mrs4 ,fe9/e91 ,mr4 ,s&]s1 &   
,ms4 ,cortez ,ma/o7 introduc$ ! foll[+  
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 ext5d c]ta9 tax cr$its relat$ to       
electric c>s1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,electric ,cr$it ,access ,ready at ,sale
 ,act ( #bjai or ! ,electric ,,c>s ,act 
( #bjai4  #b4 ,ext5sion & modification (
 new qualifi$ plug-9 electric drive     
motor vehicles cr$it  7a7 ,ext5sion     
7#a7 ,9 g5]al ,subsection 7e7 ( section 
#cj;,d ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ to read z foll[s3  7e7   
,t]m9ation ,?is section %all n apply to 
any new qualifi$ plug-9 electric drive  
motor vehicle plac$ 9 s]vice aft]       
,decemb] #ca1 #bjbi4  4  7#b7 #b- &     

#c-:eel$ plug-9 electric vehicles       
,subp>agraph 7,e7 ( section             
#cj;,d7g77#c7 ( su* ,code is am5d$ by   
/rik+ or at ! end ( clause 7i71 by      
r$esignat+ clause 7ii7 z clause 7iii71 &
 by ins]t+ aft] clause 7i7 ! foll[+ new 
clause3  7ii7 aft] ,decemb] #ca1 #bjah1 
& be=e ,janu>y #a1 #bjcj1 or  4  7b7    
,cr$it may be assign$ to f9anc+ entity  
,section #cj;,d7f7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#h7 ,cr$it may 
be assign$ to f9anc+ entity  7,a7 ,9    
g5]al ,! taxpay] to :om ! cr$it :i* w\ld
 7b = ?is p>agraph7 be all[$ "u         
subsection 7a7 = any taxable ye> )      
respect to a vehicle may assign su*     
cr$it to ! p]son :o f9anc$ ! pur*ase 7or
 lease ( at lea/ #b ye>s7 ( su* vehicle4
 ,any p]son to :om su* cr$it is assign$ 
"u ! prec$+ s5t5ce %all be treat$ =     
purposes ( ?is title z ! taxpay] :o     
plac$ su* vehicle 9 s]vice4  7,b7       
,disclosure requirem5t ,subp>agraph 7,a7
 %all n apply ) respect to any vehicle  

unless ! p]son to :om ! cr$it is assign$
 cle>ly discloses 9 writ+ to ! taxpay] !
 am\nt ( ! cr$it all[able "u subsection 
7a7 ) respect to su* vehicle 7det]m9$   
)\t reg>d to subsection 7c774  4  7c7   
,c>ry=w>d ( unus$ cr$it ,section #cj;,d 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by r$esignat+ subsection 7g7 7z   
am5d$ by subsection 7a77#b77 z          
subsection 7h71 & by ins]t+ aft]        
subsection 7f7 ! foll[+ new subsection3 
7g7 ,c>ry=w>d ( unus$ cr$it  7#a7 ,9    
g5]al ,if ! cr$it all[able "u subsection
 7a7 7aft] ! application ( subsection   
7e77 exce$s ! limitation impos$ by      
section #bf7;a7 = su* taxable ye> r$uc$ 
by ! sum ( ! cr$its all[able "u ?is     
subp>t 7o!r ?an subsection 7a7 ( ?is    
section71 su* excess %all be c>ri$ to ! 
succe$+ taxable ye> & treat$ z a cr$it  
all[able "u subsection 7a7 = su* succe$+
 taxable ye>4  7#b7 ,limitation ,no     
am\nt ( cr$it may be c>ri$ =w>d "u ?is  
subsection to any taxable ye> foll[+ !  
#e? taxable ye> aft] ! taxable ye> 9 :i*

 ! cr$it arose4 ,= purposes ( ! prec$+  
s5t5ce1 cr$its %all be treat$ z us$ on a
 fir/-91 fir/-out basis4  4  7d7        
,effective dates  7#a7 ,ext5sion ,!     
am5dm5ts made by subsection 7a7 %all    
apply to vehicles acquir$ aft] ,decemb] 
#ca1 #bjah4  7#b7 ,assignm5t ,! am5dm5ts
 made by subsection 7b7 %all apply to   
vehicles acquir$ m ?an #fj days aft] !  
date ( ! enactm5t ( ?is ,act4  7#c7     
,c>ry=w>d ,! am5dm5ts made by subsection
 7c7 %all apply to vehicles sold aft] ! 
date ( ! enactm5t ( ?is ,act4  #c4      
,ext5sion ( ! alt]native fuel vehicle   
refuel+ prop]ty cr$it  7a7 ,9 g5]al     
,section #cj;,c7g7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ #bjag & 
ins]t+ #bjbi4  7b7 ,effective date ,!   
am5dm5t made by ?is section %all apply  
to prop]ty plac$ 9 s]vice aft] ,decemb] 
#ca1 #bjag4  #d4 ,ext5sion ( !          
alt]native motor vehicle cr$it  7a7 ,9  
g5]al ,p>agraph 7#a7 ( section #cj;,b7k7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by /rik+ #bjag & ins]t+ #bjbi4    

7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to prop]ty plac$ 
9 s]vice aft] ,decemb] #ca1 #bjag4