To amend the Internal Revenue Code of 1986 to extend tax credits for clean vehicles to possessions of the United States.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7904 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7904

 To amend the Internal Revenue Code of 1986 to extend tax credits for 
          clean vehicles to possessions of the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 9, 2024

Mrs. Gonzalez-Colon (for herself and Mr. Soto) 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 extend tax credits for 
          clean vehicles to possessions of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CLEAN VEHICLE CREDITS EXTENDED TO POSSESSIONS OF THE UNITED 
              STATES.

    (a) Extension of Eligibility for Credits to Possessions of the 
United States.--Section 30D(f)(4) of the Internal Revenue Code of 1986 
is amended--
            (1) in the heading, by striking ``Property'' and inserting 
        ``Certain property'',
            (2) by striking ``No credit'' and inserting:
                    ``(A) In general.--Except as provided in 
                subparagraph (B), no credit'', and
            (3) by adding at the end the following:
                    ``(B) Exception for property used in possessions.--
                In the case of property which is used predominantly in 
                a possession of the United States, the credit allowable 
                under subsection (a) shall be determined without regard 
                to subparagraph (A).''.
    (b) Payments to Possessions.--
            (1) In general.--Section 30D(f) of the Internal Revenue 
        Code of 1986 is amended by adding at the end the following new 
        paragraph:
            ``(12) Payments to possessions.--
                    ``(A) Payments to possessions with mirror code tax 
                systems.--In the case of any possession of the United 
                States with a mirror code tax system, this section 
                shall not be treated as part of the income tax laws of 
                the United States for purposes of determining the 
                income tax law of such possession unless such 
                possession elects to have this section be so treated.
                    ``(B) Payments to other possessions.--The Secretary 
                shall pay to each possession of the United States which 
                does not have a mirror code tax system amounts 
                estimated by the Secretary as being equal to the 
                aggregate benefits (if any) that would have been 
                provided to residents of such possession by reason of 
                the provisions of this section if a mirror code tax 
                system had been in effect in such possession. The 
                preceding sentence shall not apply unless the 
                respective possession has a plan which has been 
                approved by the Secretary under which such possession 
                will promptly distribute such payments to its 
                residents.
                    ``(C) Mirror code tax system; treatment of 
                payments.--Rules similar to the rules of paragraphs 
                (3), (4), and (5) of section 21(h) shall apply for 
                purposes of this section.''.
            (2) Previously-owned clean vehicles.--Section 25E of such 
        Code is amended--
                    (A) by redesignating subsection (g) as subsection 
                (h), and
                    (B) by inserting after subsection (f) the following 
                new subsection:
    ``(g) Payments to Possessions.--Rules similar to the rules of 
paragraph (12) of section 30D(f) shall apply.''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of Public Law 117-169 to which 
they relate.
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