Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
This bill allows a new tax credit for new off-road plug-in electric vehicles. The amount of the credit in a taxable year is the lesser of 10% of the cost of such vehicle, or $2,500. The bill defines a new qualified off-road plug-in electric vehicle to include any vehicle that has a capacity of not less than 6 kilowatt hours (currently, 7 kilowatt hours), has a dry weight of less that 3,500 pounds, has 3 or more wheels and 1 or more seats, is designed to be used primarily on rough terrain, and is capable of achieving a speed of 40 miles per hour.
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9481 Introduced in House (IH)]
<DOC>
117th CONGRESS
2d Session
H. R. 9481
To amend the Internal Revenue Code of 1986 to provide a tax credit for
new off-road plug-in electric vehicles.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 8, 2022
Mr. Phillips introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide a tax credit for
new off-road plug-in electric vehicles.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Michael F. Donoughe Tax Credit for
Off Road Electric Vehicles Act''.
SEC. 2. CREDIT FOR NEW OFF-ROAD PLUG-IN ELECTRIC VEHICLES.
(a) In General.--Section 30D of the Internal Revenue Code of 1986
is amended by redesignating subsection (h) as subsection (i), and by
inserting after subsection (g) the following new subsection:
``(h) Credit Allowed for New Off-Road Plug-in Electric Vehicles.--
``(1) In general.--In the case of any new qualified off-
road plug-in electric vehicle--
``(A) there shall be allowed as a credit against
the tax imposed by this chapter for the taxable year an
amount equal to the sum of the applicable amount with
respect to each such new qualified off-road plug-in
electric vehicle placed in service by the taxpayer
during the taxable year, and
``(B) the amount of the credit allowed under
subparagraph (A) shall be treated as a credit allowed
under subsection (a).
``(2) Applicable amount.--For purposes of paragraph (1),
the applicable amount is an amount equal to the lesser of--
``(A) 10 percent of the cost of the new qualified
off-road plug-in electric vehicle, or
``(B) $2,500.
``(3) New qualified off-road plug-in electric vehicle.--For
purposes of this subsection, the term `new qualified off-road
plug-in electric vehicle' means any vehicle which--
``(A) meets the requirements of subparagraphs (A),
(B), (C), (F), (G), and (H) of subsection (d)(1)
(determined by substituting `6 kilowatt hours' for `7
kilowatt hours' in subparagraph (F)(i)),
``(B) has a dry weight of less than 3,500 pounds,
``(C) has 3 or more wheels and 1 or more seats,
``(D) is manufactured primarily for use on other
than public streets, roads, and highways,
``(E) is designed to be used primarily on rough
terrain,
``(F) is capable of achieving a speed of 40 miles
per hour, and
``(G) except in the case of a vehicle designed to
operate on land and water, is not designed to operate
on rails, in the air, or in or on the water.''.
(b) One Credit Per Vehicle.--Section 30D(f)(8) of such Code is
amended by striking ``described in subsection (a)'' and inserting
``under this section''.
(c) Transfer of Credit.--Section 30D(g)(1) of such Code is amended
by inserting ``or new qualified off-road plug-in electric vehicle''
after ``new clean vehicle''.
(d) Effective Date.--The amendments made by this section shall
apply to vehicles acquired after December 31, 2022.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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