I 
113TH CONGRESS 
2D SESSION 
H. R. 4584 
To amend the Internal Revenue Code of 1986 to increase and extend the 
new qualified plug-in electric drive motor vehicles credit and to enable 
such credit to be converted to a rebate at the point of sale. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 6, 2014 
Mr. WELCH (for himself, Mr. OWENS, and Mr. HUFFMAN) 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 increase 
and extend the new qualified plug-in electric drive motor 
vehicles credit and to enable such credit to be converted 
to a rebate at the point of sale. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Electric Credit Access 
Ready at Sale Act of 2014’’ or the ‘‘Electric CARS Act’’. 
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SEC. 2. EXTENSION AND MODIFICATION OF NEW QUALI-
FIED PLUG-IN ELECTRIC DRIVE MOTOR VEHI-
CLES CREDIT. 
(a) INCREASE IN MAXIMUM CREDIT.—Paragraph (3) 
of section 30D(b) of the Internal Revenue Code of 1986 
is amended by striking ‘‘$5,000’’ and inserting ‘‘$7,500’’. 
(b) EXTENSION.—Subsection (e) of section 30D of 
such Code is amended to read as follows: 
‘‘(e) TERMINATION.—This section shall not apply to 
vehicles sold after December 31, 2020.’’. 
(c) CREDIT MAY BE ASSIGNED TO SELLER.—Sub-
section (f) of section 30D of such Code is amended by 
adding at the end the following new paragraph: 
‘‘(8) CREDIT MAY BE ASSIGNED TO SELLER.— 
‘‘(A) IN
GENERAL.—The credit which 
would (but for this paragraph) be allowed with 
respect to a vehicle under subsection (a) for any 
taxable year to any person (hereafter in this 
paragraph referred to as the ‘initial tax-
payer’)— 
‘‘(i) if assigned by the initial taxpayer 
to the person who sold such vehicle to the 
initial taxpayer, may be taken into account 
by such person, and 
‘‘(ii) shall not be taken into account 
by the initial taxpayer. 
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Any person to whom such credit is assigned 
under clause (i) shall be treated for purposes of 
this title as the taxpayer that placed such vehi-
cle in service. 
‘‘(B) DISCLOSURE
REQUIREMENT.—Sub-
paragraph (A) shall not apply with respect to 
any vehicle unless the person to whom the cred-
it is assigned clearly discloses in writing to the 
initial taxpayer the amount of the credit allow-
able under subsection (a) with respect to such 
vehicle (determined without regard to sub-
section (c)).’’. 
(d) EFFECTIVE DATE.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by this section 
shall apply to vehicles acquired after the date of the 
enactment of this Act. 
(2) SUBSECTION (c).—The amendment made 
by subsection (c) shall apply to vehicles acquired 
more than 60 days after the date of the enactment 
of this Act. 
Æ 
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