Title: Green Bus Tax Credit Act of 2019
Policy area: Taxation

Summary:
Green Bus Tax Credit Act of 2019
This bill allows a manufacturer a zero-emission bus tax credit.
The credit is equal to 10% 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. 5163 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 5163

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 19, 2019

 Mr. Panetta (for himself, Ms. Brownley of California, Mr. Beyer, Mr. 
Suozzi, Ms. Judy Chu of California, Ms. Sanchez, Mr. Danny K. Davis of 
  Illinois, Ms. DelBene, and Mr. Blumenauer) 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 buses.

    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 Bus Tax Credit Act of 2019''.

SEC. 2. CREDIT FOR ZERO-EMISSION BUSES.

    (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 BUS 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 
bus 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 bus 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 bus credit.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to sales after the date of the enactment of this Act.
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