Bill Details
HR.312 - 119th Congress
Status
Latest action
2025-01-09 - Referred to the House Committee on Ways and Means.
Introduced Date
2025-01-09
Policy Area
Taxation
Committees
View committees (1)
Cosponsors
View cosponsors (2)
6
0
0
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would end several federal tax credits for electric and alternative-fuel vehicles and related equipment. It would repeal tax breaks for used clean vehicles, new plug-in electric vehicles, alternative fuel vehicles, home or business refueling property, and commercial clean vehicles. In simple terms, the bill would remove a range of incentives currently available to help people and businesses buy cleaner vehicles or install fueling equipment. Most of the changes would take effect for purchases or vehicles acquired after the bill becomes law.
- It repeals the tax credit for previously owned clean vehicles, which helps people buy used eligible clean cars.
- It repeals credits for new plug-in electric drive vehicles, alternative motor vehicles, and commercial clean vehicles.
- It also repeals the credit for alternative fuel vehicle refueling property, which can help pay for charging or fueling equipment.
- The repeals generally apply only to vehicles or property acquired, purchased, or placed in service after the date the bill is enacted.
Official Summaries
Restoring Vehicle Market Freedom Act of 2025
This bill repeals federal tax credits for the purchase of certain clean vehicles (generally electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and certain vehicle refueling property.
Specifically, the bill repeals the federal tax credits for
- the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033),
- the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033),
- the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and
- alternative fuel vehicle refueling property (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 used to store or dispense clean-burning fuel or to recharge electric vehicles).
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 312 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 312
To amend the Internal Revenue Code of 1986 to repeal certain credits
relating to alternative fuel vehicles.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 9, 2025
Mr. Perry (for himself, Mr. Ogles, and Mr. Crane) 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 repeal certain credits
relating to alternative fuel 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 ``Restoring Vehicle Market Freedom Act
of 2025''.
SEC. 2. AMENDMENT OF 1986 CODE.
Except as otherwise expressly provided, whenever in this Act an
amendment or repeal is expressed in terms of an amendment to, or repeal
of, a section or other provision, the reference shall be considered to
be made to a section or other provision of the Internal Revenue Code of
1986.
SEC. 3. REPEAL OF PREVIOUSLY OWNED CLEAN VEHICLE CREDIT.
(a) In General.--Subpart A of part IV of subchapter A of chapter 1
of subtitle A is amended by repealing section 25E (and the table of
sections for such subpart is amended by striking the item relating to
such section).
(b) Conforming Amendments.--Section 6213(g)(2) is amended in
subparagraph (T) by adding ``and'' after the comma at the end and by
striking subparagraph (U).
(c) Clerical Amendment.--The table of sections for subpart A of
part IV of subchapter A of chapter 1 is amended by striking the item
relating to section 25E.
(d) Effective Date.--The amendments made by this section shall
apply to vehicles acquired after the date of the enactment of this
section.
SEC. 4. REPEAL OF ALTERNATIVE MOTOR VEHICLE CREDIT.
(a) In General.--Subpart B of part IV of subchapter A of chapter 1
of subtitle A is amended by repealing section 30B (and the table of
sections for such subpart is amended by striking the item relating to
such section).
(b) Conforming Amendment.--
(1) Section 38(b) is amended by striking paragraph (24).
(2) Section 1016(a) is amended by striking paragraph (35).
(3) Section 6501(m) is amended by striking ``30B(h)(9),''.
(c) Effective Date.--The amendments made by this section shall
apply to property purchased after the date of the enactment of this
section.
SEC. 5. REPEAL OF ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY CREDIT.
(a) In General.--Subpart B of part IV of subchapter A of chapter 1
of subtitle A is amended by repealing section 30C (and the table of
sections for such subpart is amended by striking the item relating to
such section).
(b) Conforming Amendments.--
(1) Section 38(b) is further amended by striking paragraph
(25).
(2) Section 1016(a) is further amended by striking
paragraph (36).
(3) Section 55(c)(3) is amended by striking ``sections
30(d)(2) and'' and inserting ``section''.
(4) Section 6501(m) is further amended by striking
``30C(e)(4),''.
(c) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of the enactment of
this section.
SEC. 6. REPEAL OF NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLE
CREDIT.
(a) In General.--Subpart B of part IV of subchapter A of chapter 1
of subtitle A is amended by repealing section 30D (and the table of
sections for such subpart is amended by striking the item relating to
such section).
(b) Conforming Amendments.--
(1) Section 38(b) is further amended by striking paragraph
(30).
(2) Section 166(b)(5)(A)(ii) is amended by inserting ``(as
in effect on the date before the date of the enactment of the
Restoring Vehicle Market Freedom Act of 2025)'' after ``section
30D(d)(1)''.
(3) Section 179D(d)(3)(B)(ii) is amended by inserting ``,
as in effect on the date before the date of the enactment of
the Restoring Vehicle Market Freedom Act of 2025'' after
``section 30D(g)(9)''.
(4) Section 1016(a) is further amended in paragraph (34) by
adding ``and'' at the end after the comma and by striking
paragraph (37).
(5) Section 6213(g)(2) is further amended by adding ``and''
at the end after the comma in subparagraph (S) and by striking
subparagraph (T).
(6) Section 6417(d)(1)(A)(iv) is amended by inserting ``,
as in effect on the date before the date of the enactment of
the Restoring Vehicle Market Freedom Act of 2025'' after
``section 30D(g)(9)''.
(7) Section 6501(m) is further amended by striking
``30D(e)(4),''.
(8) Section 13401 of Public Law 117-169 is amended by
striking subsection (j).
(c) Effective Date.--The amendments made by this section shall
apply to vehicles acquired after the date of the enactment of this
section.
SEC. 7. REPEAL OF CREDIT FOR QUALIFIED COMMERCIAL CLEAN VEHICLES.
(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of subtitle A is amended by repealing section 45W (and the table of
sections for such subpart is amended by striking the item relating to
such section).
(b) Conforming Amendments.--
(1) Section 38(b) is further amended by striking paragraph
(37).
(2) Section 6213(g)(2) is further amended by adding ``and''
at the end after the comma in subparagraph (R), by striking ``,
and'' at the end and inserting a period in subparagraph (S) (as
amended by section 6(b)(5)), and by striking subparagraph (V).
(c) Effective Date.--The amendments made by this section shall
apply to vehicles acquired after the date of the enactment of this
section.
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