E-Car Act

Summary: Electric Charging and Refueling Actor the E-Car Act   Amends the Internal Revenue Code to replace the tax credit for qualified alternative fuel vehicle refueling property expenditures with a tax credit for 50% of the cost of any qualified electric vehicle recharging or refueling property that is: (1) installed on property used as the principal residence of the taxpayer, and (2) for the recharging or refueling of motor vehicles propelled by electricity. 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Electric Charging And Refueling 
Act'' or as the ``E-Car Act''.

SEC. 2. EXTENSION AND MODIFICATION OF CREDIT FOR ELECTRIC CAR 
              RECHARGING PROPERTY.

    (a) In General.--Section 30C of the Internal Revenue Code of 1986 
is amended to read as follows:

``SEC. 30C. ELECTRIC VEHICLE CHARGING AND REFUELING PROPERTY CREDIT.

    ``(a) Credit Allowed.--There shall be allowed as a credit against 
the tax imposed by this chapter for the taxable year an amount equal to 
50 percent of the cost of any qualified electric vehicle recharging or 
refueling property placed in service by the taxpayer during the taxable 
year.
    ``(b) Limitation.--The credit allowed under subsection (a) with 
respect to all qualified electric vehicle recharging property placed in 
service by the taxpayer during the taxable year at a location shall not 
exceed--
            ``(1) in the case of a property of a character subject to 
        an allowance for depreciation, the greater of--
                    ``(A) $100,000, or
                    ``(B) $10,000 multiplied by the number of devices 
                placed in service at the location by the taxpayer 
                during the taxable year, and
            ``(2) $2,000 in any other case.
    ``(c) Definitions.--For purposes of this section--
            ``(1) Qualified electric vehicle recharging or refueling 
        property.--The term `qualified electric vehicle recharging 
        property' means any property (not including a building) if--
                    ``(A) such property is--
                            ``(i) of a character subject to the 
                        allowance for depreciation, or
                            ``(ii) installed on property which is used 
                        as the principal residence (within the meaning 
                        of section 121) of the taxpayer,
                    ``(B) the original use of such property begins with 
                the taxpayer,
                    ``(C) such property is for the recharging or 
                refueling of motor vehicles propelled by electricity, 
                including property providing electricity for plug-in 
                electric drive vehicles and property providing hydrogen 
                for fuel cell electric vehicles, and
                    ``(D) such property includes related property 
                providing electricity for such recharging or is 
                otherwise necessary for such recharging or refueling 
                property.
            ``(2) Device.--The term `device' means an individual item 
        of property, whether a stand-alone item or part of property 
        that includes multiple devices, which functions to recharge one 
        vehicle at a time.
    ``(d) Application With Other Credits.--
            ``(1) Business credit treated as part of general business 
        credit.--So much of the credit which would be allowed under 
        subsection (a) for any taxable year (determined without regard 
        to this subsection) that is attributable to property of a 
        character subject to an allowance for depreciation shall be 
        treated as a credit listed in section 38(b) for such taxable 
        year (and not allowed under subsection (a)).
            ``(2) Personal credit.--For purposes of this title, the 
        credit allowed under subsection (a) for any taxable year (after 
        the application of paragraph (1))--
                    ``(A) shall be treated as a credit allowable under 
                subpart A for such taxable year, and
                    ``(B) shall not exceed the excess of--
                            ``(i) the sum of the regular tax liability 
                        (as defined in section 26(b)) plus the tax 
                        imposed by section 55, over
                            ``(ii) the sum of the credits allowable 
                        under subpart A (other than this section and 
                        sections 25D and 30D) and section 27 for the 
                        taxable year.
    ``(e) Special Rules.--For purposes of this section--
            ``(1) Reduction in basis.--For purposes of this subtitle, 
        the basis of any property for which a credit is allowable under 
        subsection (a) shall be reduced by the amount of such credit so 
        allowed (determined without regard to subsection (d)).
            ``(2) Property used by tax-exempt entity.--In the case of 
        any qualified electric vehicle recharging property the use of 
        which is described in paragraph (3) or (4) of section 50(b) 
        (including use by an Indian tribal government) and which is not 
        subject to a lease, the person who sold such property to the 
        person or entity using such property shall be treated as the 
        taxpayer that placed such property in service, but only if such 
        person clearly discloses to such person or entity in a document 
        the amount of any credit allowable under subsection (a) with 
        respect to such property (determined without regard to 
        subsection (d)).
            ``(3) Property used outside united states not qualified.--
        No credit shall be allowable under subsection (a) with respect 
        to any property referred to in section 50(b)(1) or with respect 
        to the portion of the cost of any property taken into account 
        under section 179.
            ``(4) Election not to take credit.--No credit shall be 
        allowed under subsection (a) for any property if the taxpayer 
        elects not to have this section apply to such property.
            ``(5) Recapture rules.--Rules similar to the rules of 
        section 179A(e)(4) shall apply.
            ``(6) Joint ownership of qualified electric vehicle 
        recharging property.--
                    ``(A) In general.--Any qualified electric vehicle 
                recharging property shall not fail to be treated as 
                such property solely because such property is placed in 
                service with respect to 2 or more dwelling units.
                    ``(B) Limits applied separately.--In the case of 
                any qualified electric vehicle recharging property 
                which is placed in service with respect to 2 or more 
                dwelling units, this section (other than this 
                subparagraph) shall be applied separately with respect 
                to the portion of such property attributable to each 
                such dwelling unit.''.
    (b) Conforming Amendment.--Clause (ii) of section 30D(c)(2)(B) of 
such Code is amended by striking ``section 25D'' and inserting 
``sections 25D and 30C''.
    (c) Effective Date.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall apply to property placed 
        in service after December 31, 2013.
            (2) Hydrogen refueling property.--The amendments made by 
        this subsection shall apply to hydrogen property placed in 
        service after December 31, 2014.