Title: Driving America Forward Act
Policy area: Taxation

Summary:
Driving America Forward Act
This bill expands the tax credit for new plug-in electric drive motor vehicles and extends the tax credit for new fuel cell motor vehicles.
(Under current law, taxpayers who purchase a qualified plug-in electric drive motor vehicle are eligible for a tax credit of up to $7,500, which begins to phase out once a manufacturer sells 200,000 qualified vehicles.) The bill allows an additional 400,000 vehicles per manufacturer to be eligible for a credit of up to $7,000 before the credit begins to phase out.
The bill also extends the tax credit for fuel cell motor vehicles through 2028. (Under current law, the credit expired after 2017.)

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1094 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1094

To amend the Internal Revenue Code of 1986 to modify limitations on the 
    credit for plug-in electric drive motor vehicles, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 9, 2019

Ms. Stabenow (for herself, Mr. Alexander, Mr. Peters, and Ms. Collins) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to modify limitations on the 
    credit for plug-in electric drive motor vehicles, and for other 
                               purposes.

    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 ``Driving America Forward Act''.

SEC. 2. MODIFICATION OF LIMITATIONS ON NEW QUALIFIED PLUG-IN ELECTRIC 
              DRIVE MOTOR VEHICLE CREDIT.

    (a) In General.--Subsection (e) of section 30D of the Internal 
Revenue Code of 1986 is amended to read as follows:
    ``(e) Limitation on Number of New Qualified Plug-In Electric Drive 
Motor Vehicles Eligible for Credit.--
            ``(1) In general.--In the case of any new qualified plug-in 
        electric drive motor vehicle sold after the date of the 
        enactment of the Driving America Forward Act--
                    ``(A) if such vehicle is sold during the transition 
                period, the amount determined under subsection (b)(2) 
                shall be reduced by $500, and
                    ``(B) if such vehicle is sold during the phaseout 
                period, only the applicable percentage of the credit 
                otherwise allowable under subsection (a) shall be 
                allowed.
            ``(2) Transition period.--For purposes of this subsection, 
        the transition period is the period subsequent to the first 
        date on which the number of new qualified plug-in electric 
        drive motor vehicles manufactured by the manufacturer of the 
        vehicle referred to in paragraph (1) sold for use in the United 
        States after December 31, 2009, is at least 200,000.
            ``(3) Phaseout period.--
                    ``(A) In general.--For purposes of this subsection, 
                the phaseout period is the period beginning with the 
                second calendar quarter following the calendar quarter 
                which includes the first date on which the number of 
                new qualified plug-in electric drive motor vehicles 
                manufactured by the manufacturer of the vehicle 
                referred to in paragraph (1) sold for use in the United 
                States after December 31, 2009, is at least 600,000.
                    ``(B) Applicable percentage.--For purposes of 
                paragraph (1)(B), the applicable percentage is--
                            ``(i) 50 percent for the first calendar 
                        quarter of the phaseout period, and
                            ``(ii) 0 percent for each calendar quarter 
                        thereafter.
                    ``(C) Exclusion of sale of certain vehicles.--
                            ``(i) In general.--For purposes of 
                        subparagraph (A), any new qualified plug-in 
                        electric drive motor vehicle manufactured by 
                        the manufacturer of the vehicle referred to in 
                        paragraph (1) which was sold during the 
                        exclusion period shall not be included for 
                        purposes of determining the number of such 
                        vehicles sold.
                            ``(ii) Exclusion period.--For purposes of 
                        this subparagraph, the exclusion period is the 
                        period--
                                    ``(I) beginning on the first date 
                                on which the number of new qualified 
                                plug-in electric drive motor vehicles 
                                manufactured by the manufacturer of the 
                                vehicle referred to in paragraph (1) 
                                sold for use in the United States after 
                                December 31, 2009, is at least 200,000, 
                                and
                                    ``(II) ending on the date of the 
                                enactment of the Driving America 
                                Forward Act.
            ``(4) Controlled groups.--Rules similar to the rules of 
        section 30B(f)(4) shall apply for purposes of this 
        subsection.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to vehicles sold after the date of the enactment of this Act.

SEC. 3. EXTENSION OF CREDIT FOR NEW QUALIFIED FUEL CELL MOTOR VEHICLES.

    (a) In General.--Section 30B(k)(1) of the Internal Revenue Code of 
1986 is amended by striking ``December 31, 2017'' and inserting 
``December 31, 2028''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property purchased after December 31, 2017.
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