Title: Green VAN Act of 2019
Policy area: Taxation

Summary:
Green Vehicle Adoption Nationwide Act of 2019 or the Green VAN Act of 2019
This bill allows a manufacturer a 10% tax credit of the sales price of a zero-emission heavy vehicle. The credit only applies to the first $1 million of a vehicle's sales price.
The bill defines "zero-emission heavy vehicle" as a motor vehicle that has a gross vehicle weight rating of not less than 14,000 pounds, is not powered or charged by an internal combustion engine, and is propelled solely by an electric motor that draws electricity from a battery or fuel cell.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5162 Introduced in House (IH)]

<DOC>






116th CONGRESS
  1st Session
                                H. R. 5162

To amend the Internal Revenue Code of 1986 to provide for a credit for 
                     zero-emission heavy vehicles.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 19, 2019

   Mr. Beyer (for himself, Mr. Panetta, Ms. Sanchez, Ms. Moore, Mr. 
 Blumenauer, and Mr. Kildee) 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 for a credit for 
                     zero-emission heavy 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 ``Green Vehicle Adoption Nationwide 
Act of 2019'' or as the ``Green VAN Act of 2019''.

SEC. 2. CREDIT FOR ZERO-EMISSION HEAVY VEHICLES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 45T. ZERO-EMISSION HEAVY VEHICLE CREDIT.

    ``(a) Allowance of Credit.--For purposes of section 38, in the case 
of a manufacturer of a zero-emission heavy vehicle, the zero-emission 
heavy vehicle credit determined under this section for a taxable year 
is an amount equal to 10 percent of the sum of the sale price of each 
zero-emission heavy vehicle sold by such taxpayer during such taxable 
year.
    ``(b) Limitation.--The sale price of a zero-emission heavy vehicle 
may not be taken into account under subsection (a) to the extent such 
price exceeds $1,000,000.
    ``(c) Zero-Emission Heavy Vehicle.--For purposes of this section--
            ``(1) In general.--The term `zero-emission heavy vehicle' 
        means a motor vehicle which--
                    ``(A) has a gross vehicle weight rating of not less 
                than 14,000 pounds,
                    ``(B) is not powered or charged by an internal 
                combustion engine, and
                    ``(C) is propelled solely by an electric motor 
                which draws electricity from a battery or fuel cell.
            ``(2) Motor vehicle; manufacturer.--The term `motor 
        vehicle' and `manufacturer' have the meaning given such terms 
        in paragraphs (2) and (3) of section 30D(d), respectively.
    ``(d) Special Rules.--
            ``(1) Sale price.--For purposes of this section, the sale 
        price of a zero-emission heavy vehicle shall be reduced by any 
        rebate or other incentive given before, on, or after the date 
        of the sale.
            ``(2) Domestic use.--No credit shall be allowed under 
        subsection (a) with respect to a zero-emission heavy vehicle to 
        a manufacturer who knows or has reason to know that such 
        vehicle will not be used primarily in the United States or a 
        possession of the United States.
            ``(3) Regulations.--The Secretary shall prescribe such 
        regulations as may be necessary or appropriate to carry out the 
        purposes of this section.
    ``(e) Termination.--This section shall not apply to sales after 
December 31, 2024.''.
    (b) Credit Made Part of General Business Credit.--Subsection (b) of 
section 38 of such Code is amended by striking ``plus'' at the end of 
paragraph (31), by striking the period at the end of paragraph (32) and 
inserting ``, plus'', and by adding at the end the following new 
paragraph:
            ``(33) the zero-emission heavy vehicle credit determined 
        under section 45T.''.
    (c) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

``Sec. 45T. Zero-emission heavy vehicle credit.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to sales after the date of the enactment of this Act.
                                 <all>