,,ii #aagth ,,congress #ast ,session ,s4 #becg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bi1 #bjba,mrs4 ,feinstein 7for herself and ,mr4 ,padilla7 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 previously-owned qualified plug-in electric drive motor vehicles4 #a4 ,short title ,this ,act may be cited as the ,affordable ,e,vs for ,working ,families ,act4 #b4 ,credit for previously-owned qualified plug-in electric drive motor vehicles 7a7 ,in general ,subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by inserting after section #cf;,b the following new section3 #cf;,c4 ,previously-owned qualified plug-in electric drive motor vehicles 7a7 ,allowance of credit ,in the case of a qualified buyer who during a taxable year places in service a previously-owned qualified plug-in electric drive motor vehicle1 there shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to the sum of-- 7#a7 #a1bej1 plus 7#b7 in the case of a vehicle which draws propulsion energy from a battery which exceeds #d kilowatt hours of capacity 7determined at the time of sale71 the lesser of-- 7,a7 #a1bej1 and 7,b7 the product of #bjh4ej and such excess kilowatt hours4 7b7 ,limitations 7#a7 ,sale price ,the credit allowed under subsection 7a7 with respect to sale of a vehicle shall not exceed #cj percent of the sale price4 7#b7 ,adjusted gross income ,the amount which would 7but for this paragraph7 be allowed as a credit under subsection 7a7 shall be reduced 7but not below zero7 by #bjj for each #a1jjj 7or fraction thereof7 by which the taxpayer's adjusted gross income exceeds #ge1jjj 7twice such amount in the case of a joint return74 7c7 ,definitions ,for purposes of this section-- 7#a7 ,previously-owned qualified plug-in electric drive motor vehicle ,the term previously-owned qualified plug-in electric drive motor vehicle means1 with respect to a taxpayer1 a motor vehicle-- 7,a7 the model year of which is at least #b earlier than the calendar year in which the taxpayer acquires such vehicle1 7,b7 the original use of which commences with a person other than the taxpayer1 7,c7 which is acquired by the taxpayer in a qualified sale1 7,d7 registered by the taxpayer for operation in a ,state or possession of the ,united ,states1 7,e7 which meets the requirements of subparagraphs 7,c71 7,d71 7,e71 7,f7 of section #cj;,d7d77#a71 and 7,f7 which is not of a character subject to an allowance for depreciation4 7#b7 ,qualified sale ,the term qualified sale means a sale of a motor vehicle-- 7,a7 by a seller who holds such vehicle in inventory 7within the meaning of section #dga7 for sale or lease1 7,b7 for a sale price of less than #be1jjj1 and 7,c7 which is the first transfer since the date of the enactment of this section to a person other than the person with whom the original use of such vehicle commenced4 7#c7 ,qualified buyer ,the term qualified buyer means1 with respect to a sale of a motor vehicle1 a taxpayer-- 7,a7 who is an individual1 7,b7 who purchases such vehicle for use and not for resale1 7,c7 with respect to whom no deduction is allowable with respect to another taxpayer under section #aea1 7,d7 who has not been allowed a credit under this section for any sale during the #c-year period ending on the date of the sale of such vehicle1 and 7,e7 who possesses a certificate issued by the seller that certifies-- 7i7 that the vehicle is a previously-owned qualified plug-in electric drive motor vehicle1 7ii7 the vehicle identification number of such vehicle1 7iii7 the capacity of the battery at time of sale1 and 7iv7 such other information as the ,secretary may require4 7#d7 ,motor vehicle2 capacity ,the terms motor vehicle and capacity have the meaning given such terms in paragraphs 7#b7 and 7#d7 of section #cj;,d7d71 respectively4 7d7 ,,vin number requirement ,no credit shall be allowed under subsection 7a7 with respect to any vehicle unless the taxpayer includes the vehicle identification number of such vehicle on the return of tax for the taxable year4 7e7 ,application of certain rules ,for purposes of this section1 rules similar to the rules of paragraphs 7#a71 7#b71 7#d71 7#e71 7#f7 and 7#g7 of section #cj;,d7f7 shall apply for purposes of this section4 7f7 ,certificate submission requirement ,the ,secretary may require that the issuer of the certificate described in subsection 7c77#c77;,e7 submit such certificate to the ,secretary at the time and in the manner required by the ,secretary4 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 ,section #fbac7;g77#b7 of such ,code is amended-- 7,a7 in subparagraph 7,p71 by striking and at the end1 7,b7 in subparagraph 7,q71 by striking the period at the end and inserting 1 and1 and 7,c7 by adding at the end the following3 7,r7 an omission of a correct vehicle identification number required under section #cf;,c7d7 7relating to credit for previously-owned qualified plug-in electric drive motor vehicles7 to be included on a return4 4 7#c7 ,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 ,previously-owned qualified plug-in electric drive motor vehicles4 4 7d7 ,effective date ,the amendments made by this section shall apply to vehicles acquired after the date of the enactment of this ,act4