Restoring Vehicle Market Freedom Act of 2025

Bill: 119-hr-312
Sponsor: full_name: Rep. Perry, Scott [R-PA-10]
Introduced: 2025-01-09
Policy area: Taxation
Latest action: action_date: 2025-01-09
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2025-01-09
action_desc: Introduced in House
text: <p><strong>Restoring Vehicle Market Freedom Act of 2025</strong></p><p>This bill repeals federal tax credits for the purchase of certain clean vehicles (generally electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and certain vehicle refueling property.</p><p>Specifically, the bill repeals the federal tax credits for</p><ul><li>the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033),</li><li>the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033),</li><li>the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and</li><li>alternative fuel vehicle refueling property (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 used to store or dispense clean-burning fuel or to recharge electric vehicles).</li></ul>

tv_txt: I 119th CONGRESS 1st Session H. R. 312 IN THE HOUSE OF REPRESENTATIVES January 9, 2025 Mr. Perry (for himself, Mr. Ogles , and Mr. Crane ) 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 repeal certain credits relating to alternative fuel vehicles.

1. Short title This Act may be cited as the Restoring Vehicle Market Freedom Act of 2025 . 2. Amendment of 1986 Code Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. 3. Repeal of previously owned clean vehicle credit (a) In general Subpart A of part IV of subchapter A of chapter 1 of subtitle A is amended by repealing section 25E (and the table of sections for such subpart is amended by striking the item relating to such section). (b) Conforming amendments Section 6213(g)(2) is amended in subparagraph (T) by adding and after the comma at the end and by striking subparagraph (U). (c) Clerical amendment The table of sections for subpart A of part IV of subchapter A of chapter 1 is amended by striking the item relating to section 25E. (d) Effective date The amendments made by this section shall apply to vehicles acquired after the date of the enactment of this section. 4. Repeal of alternative motor vehicle credit (a) In general Subpart B of part IV of subchapter A of chapter 1 of subtitle A is amended by repealing section 30B (and the table of sections for such subpart is amended by striking the item relating to such section). (b) Conforming amendment (1) Section 38(b) is amended by striking paragraph (24). (2) Section 1016(a) is amended by striking paragraph (35). (3) Section 6501(m) is amended by striking 30B(h)(9), . (c) Effective date The amendments made by this section shall apply to property purchased after the date of the enactment of this section. 5. Repeal of alternative fuel vehicle refueling property credit (a) In general Subpart B of part IV of subchapter A of chapter 1 of subtitle A is amended by repealing section 30C (and the table of sections for such subpart is amended by striking the item relating to such section). (b) Conforming amendments (1) Section 38(b) is further amended by striking paragraph (25). (2) Section 1016(a) is further amended by striking paragraph (36). (3) Section 55(c)(3) is amended by striking sections 30(d)(2) and and inserting section . (4) Section 6501(m) is further amended by striking 30C(e)(4), . (c) Effective date The amendments made by this section shall apply to property placed in service after the date of the enactment of this section. 6. Repeal of new qualified plug-in electric drive motor vehicle credit (a) In general Subpart B of part IV of subchapter A of chapter 1 of subtitle A is amended by repealing section 30D (and the table of sections for such subpart is amended by striking the item relating to such section). (b) Conforming amendments (1) Section 38(b) is further amended by striking paragraph (30). (2) Section 166(b)(5)(A)(ii) is amended by inserting (as in effect on the date before the date of the enactment of the Restoring Vehicle Market Freedom Act of 2025 ) after section 30D(d)(1) . (3) Section 179D(d)(3)(B)(ii) is amended by inserting , as in effect on the date before the date of the enactment of the Restoring Vehicle Market Freedom Act of 2025 after section 30D(g)(9) . (4) Section 1016(a) is further amended in paragraph (34) by adding and at the end after the comma and by striking paragraph (37). (5) Section 6213(g)(2) is further amended by adding and at the end after the comma in subparagraph (S) and by striking subparagraph (T). (6) Section 6417(d)(1)(A)(iv) is amended by inserting , as in effect on the date before the date of the enactment of the Restoring Vehicle Market Freedom Act of 2025 after section 30D(g)(9) . (7) Section 6501(m) is further amended by striking 30D(e)(4), . (8) Section 13401 of Public Law 117–169 is amended by striking subsection (j). (c) Effective date The amendments made by this section shall apply to vehicles acquired after the date of the enactment of this section. 7. Repeal of credit for qualified commercial clean vehicles (a) In general Subpart D of part IV of subchapter A of chapter 1 of subtitle A is amended by repealing section 45W (and the table of sections for such subpart is amended by striking the item relating to such section). (b) Conforming amendments (1) Section 38(b) is further amended by striking paragraph (37). (2) Section 6213(g)(2) is further amended by adding and at the end after the comma in subparagraph (R), by striking , and at the end and inserting a period in subparagraph (S) (as amended by section 6(b)(5)), and by striking subparagraph (V). (c) Effective date The amendments made by this section shall apply to vehicles acquired after the date of the enactment of this section.