,,ii  #aagth ,,congress  #ast ,session  
,s4 #bdbj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ba1     
#bjba,mr4 ,schatz 7for himself and ,mr4 
,markey7 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 provide a credit for the       
purchase of certain new electric        
bicycles4  #a4 ,short title ,this ,act  
may be cited as the ,electric ,bicycle  
,incentive ,kickstart for the           
,environment ,act or as the ,e-,,bike   
,act4  #b4 ,credit for certain new      
electric bicycles  7a7 ,in general      
,subpart ,c of part ,,iv of subchapter  
,a of chapter #a of the ,internal       
,revenue ,code of #aihf is amended by   
adding at the end the following new     
section3  #cf;,c4 ,electric bicycles    
7a7 ,allowance of credit ,in the case of
 an individual1 there shall be allowed  
as a credit against the tax imposed by  
this subtitle for any taxable year an   

amount equal to #cj percent of the cost 
of any qualified electric bicycle placed
 in service by the taxpayer during such 
taxable year4  7b7 ,limitation  7#a7    
,dollar limitation ,in the case of any  
taxpayer for any taxable year1 the      
credit allowed under subsection 7a7     
shall not exceed the excess 7if any7    
of-- 7,a7 #a1ejj 7twice such amount in  
the case of a joint return71 reduced by 
7,b7 the aggregate credits allowed to   
the taxpayer under subsection 7a7 for   
the #b preceding taxable years4  7#b7   
,number of bicycles ,in the case of any 
taxpayer for any taxable year1 the      
number of bicycles taken into account   
under subsection 7a7 shall not exceed   
the excess 7if any7 of-- 7,a7 #a 7#b in 
the case of a joint return71 reduced by 
7,b7 the aggregate number of bicycles   
taken into account by the taxpayer under
 subsection 7a7 for the #b preceding    
taxable years4  7c7 ,qualified electric 
bicycle ,for purposes of this section-- 
7#a7 ,in general ,the term qualified    

electric bicycle means a two- or        
three-wheeled vehicle-- 7,a7 which is a 
class #a electric bicycle1 a class #b   
electric bicycle1 or a class #c electric
 bicycle1  7,b7 which is equipped with--
 7i7 pedals capable of propelling such  
vehicle1  7ii7 a saddle or seat for the 
rider1 and  7iii7 an electric motor of  
less than #gej watts which is capable of
 propelling such vehicle1  7,c7 the     
original use of which commences with the
 taxpayer1  7,d7 which is acquired for  
use by the taxpayer in the ,united      
,states and not for lease or resale1 and
  7,e7 which is not property of a       
character subject to an allowance for   
depreciation or amortization in the     
hands of the taxpayer4  7#b7 ,limitation
 based on acquisition cost ,the term    
qualified electric bicycle shall not    
include any vehicle if the aggregate    
amount paid for the acquisition of such 
vehicle exceeds #h1jjj4  7#c7 ,class #a 
electric bicycle ,the term class #a     
electric bicycle means a two- or        

three-wheeled vehicle equipped with an  
electric motor that provides assistance 
only when the rider is pedaling1 that is
 not capable of providing assistance    
when the speed of the vehicle exceeds   
#bj miles per hour1 and that is not a   
class #c electric bicycle4  7#d7 ,class 
#b electric bicycle ,the term class #b  
electric bicycle means a two- or        
three-wheeled vehicle equipped with an  
electric motor that may be used to      
propel the vehicle without the need of  
any additional assistance1 and that is  
not capable of providing assistance when
 the speed of the vehicle exceeds #bj   
miles per hour4  7#e7 ,class #c electric
 bicycle ,the term class #c electric    
bicycle means a two- or three-wheeled   
vehicle equipped with an electric motor 
that provides assistance only when the  
rider is pedaling1 and that is not      
capable of providing assistance when the
 speed of the vehicle exceeds #bh miles 
per hour4  4  7b7 ,conforming amendments
  7#a7 ,section #fbaa7;b77#d77;,a7 of   

such ,code is amended by inserting      
#cf;,c1 after #cf;,b14  7#b7 ,paragraph 
7#b7 of section #acbd7;b7 of title #ca1 
,united ,states ,code1 is amended by    
inserting #cf;,c1 after #cf;,b14  7c7   
,clerical amendment ,the table of       
sections for subpart ,c of part ,,iv of 
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by inserting after the item     
relating to section #cf;,b the following
 new item3  ,sec4 #cf;,c4 ,electric     
bicycles4  4  7d7 ,effective date ,the  
amendments made by this section shall   
apply to vehicles placed in service     
after the date of the enactment of this 
,act1 in taxable years ending after such
 date4  7e7 ,treasury report ,not later 
than #c years after the date of the     
enactment of this ,act1 the ,secretary  
of the ,treasury 7or the ,secretary's   
designee7 shall make publicly available 
a written report specifying the number  
of taxpayers claiming the credit allowed
 under section #cf;,c of the ,internal  

,revenue ,code of #aihf 7as added by    
this section7 and the aggregate dollar  
amount of such credits so allowed4 ,such
 information shall be stated separately 
for taxable years beginning in #bjba and
 #bjbb1 and shall be stated separately  
with respect to each such years with    
respect to taxpayers in each of the     
income brackets to which section #a of  
such ,code applies4