Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB881

Introduced
3/21/23  

Caption

E-BIKE Act Electric Bicycle Incentive Kickstart for the Environment Act

Impact

If enacted, SB881 would amend the Internal Revenue Code of 1986, particularly targeting individual taxpayers by introducing a new subsection dedicated to electric bicycles. The bill seeks to boost the local economy through increased purchases of bicycles manufactured by qualified manufacturers. Additionally, it could have significant implications for state traffic laws and local transportation policies, as it might encourage more cities to develop infrastructure suitable for bicycle use, thus enhancing public health and reducing traffic congestion.

Summary

SB881, known as the Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act, is aimed at promoting the adoption of electric bicycles. The bill introduces a tax credit for individuals who purchase new electric bicycles, providing a financial incentive of 30% of the cost of each bicycle placed into service, with a maximum allowable tax credit capped at $1,500 for the first bicycle and $500 for any additional bicycles in a given tax year. This initiative is designed to enhance environmentally friendly transportation options and reduce carbon emissions from traditional vehicles.

Contention

Notable points of contention involve its income-based phaseout, which reduces the tax credit eligibility for higher-income taxpayers, potentially limiting access for some consumers. Some legislators and advocacy groups may express concerns about the equity of such a tax credit, questioning whether it disproportionately benefits affluent individuals who might already have access to electric bicycles. Furthermore, the bill's definition of qualified bicycles — including various classes based on speed and motor assistance — could lead to debates on ensuring safety and regulation that align with local and state laws.

Companion Bills

US HB1685

Same As E-BIKE Act Electric Bicycle Incentive Kickstart for the Environment Act

Previously Filed As

US HB1685

E-BIKE Act Electric Bicycle Incentive Kickstart for the Environment Act

US B25-0032

Electric Bicycle Incentive Kickstarting the Environment (“E-BIKE”) Act of 2023

US HB1665

Safe Charging Electrical Bikes and Scooters Act

US SB439

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

US HB1083

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

US SB1724

Bicycle Commuter Act of 2023

US SB437

Bicycles for Rural African Transport Act

US HB3473

Bicycle Commuter Act of 2023

US SB5409

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2024

US SB720

PRECISE Act of 2023 Producing Responsible Energy and Conservation Incentives and Solutions for the Environment Act of 2023

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