Changing How America Reduces Greenhouse Emissions (CHARGE) Act

Bill: 113-s-906
Sponsor: full_name: Sen. Crapo, Mike [R-ID]
Introduced: 2013-05-08
Policy area: Taxation
Subjects: Hybrid, electric, and advanced technology vehicles

Income tax credits
Latest action: action_date: 2013-05-08
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2013-05-08
action_desc: Introduced in Senate
text: <p>Changing How America Reduces Greenhouse Emissions (CHARGE) Act - Amends the Internal Revenue Code to expand the tax credit for new qualified plug-in electric drive motor vehicles to include vehicles that&nbsp;are powered by&nbsp;an alternative electrical energy storage device other than a battery.</p>

tv_txt: II 113th CONGRESS 1st Session S. 906 IN THE SENATE OF THE UNITED STATES May 8, 2013 Mr. Crapo (for himself, Mr. Wyden , Ms. Cantwell , and Mr. Risch ) 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 expand the technologies through which a vehicle qualifies for the credit for new qualified plug-in electric drive motor vehicles.

1. Short title This Act may be cited as the Changing How America Reduces Greenhouse Emissions (CHARGE) Act . 2. Credit for new qualified plug-in electric drive motor vehicles allowed for vehicles with alternative electrical energy storage devices (a) Credit allowed for new technology (1) In general Subparagraph (F) of section 30D(d)(1) of the Internal Revenue Code of 1986 is amended— (A) by striking battery and inserting power source , and (B) in clause (i), by inserting (or, in the case of a power source which is not a battery, the appropriate energy equivalent to such capacity, as determined by the Secretary) after 4 kilowatt hours . (2) Conforming amendment Subsection (d) of section 30D of such Code is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph: (4) Power source The term power source includes a battery or an alternative electrical energy storage device. . (b) Amount of credit (1) In general Paragraph (3) of section 30D(b) of the Internal Revenue Code of 1986 is amended by inserting at the end the following new sentence: In the case of any new qualified plug-in electric drive motor vehicle which uses a power source other than a battery, this first sentence of this paragraph shall be applied by substituting the appropriate energy equivalent measurement for the number of kilowatt hours. . (2) Conforming amendment The heading of paragraph (3) of section 30D(b) of such Code is amended by striking Battery capacity and inserting Capacity . (c) Effective date The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.