Us Congress Senate Bill SB1779

Us Congress 2023-2024 Regular Session

• Introduced: 5/31/23
• Refer: 5/31/23

Caption

Electric Motorcycle Parity Act of 2023

Impact

The proposed amendments would particularly affect the eligibility for tax incentives under Section 30D of the Internal Revenue Code. Specifically, qualified clean vehicles with fewer than four wheels would be entitled to a significant tax credit, which could amount to $3,750 per vehicle. This change could lead to more consumers opting for electric motorcycles, contributing to a decrease in greenhouse gas emissions and promoting the use of cleaner forms of transportation in urban areas.

Summary

SB1779, also known as the Electric Motorcycle Parity Act of 2023, aims to amend the Internal Revenue Code of 1986 by expanding the clean vehicle credit to include clean vehicles with fewer than four wheels. This legislation seeks to recognize and incentivize the adoption of electric motorcycles and other smaller electric vehicles, thereby potentially increasing the uptake of environmentally friendly transportation options. By providing tax credits for such vehicles, the bill is envisioned to support efforts towards sustainability and reducing carbon emissions.

Contention

Although the bill targets the promotion of cleaner transportation, discussions surrounding its implementation might reveal contention. Some stakeholders may question whether the inclusion of vehicles with fewer than four wheels truly contributes to environmental goals when considering the production and operation pathways of electric motorcycles. Moreover, there may be concerns regarding the potential impact on the electric vehicle market and whether the bill appropriately balances incentives between various forms of transportation.