Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB541 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 541
5	5	To amend the Internal Revenue Code of 1986 to repeal the credit for new
6	6	clean vehicles, and for other purposes.
7	7	IN THE SENATE OF THE UNITED STATES
8	8	FEBRUARY12, 2025
9	9	Mr. B
10	10	ARRASSO(for himself, Mr. THUNE, Mr. COTTON, Mrs. CAPITO, Mr.
11	11	L
12	12	ANKFORD, Ms. LUMMIS, Mr. CRAMER, Mr. SHEEHY, Mr. RICKETTS,
13	13	Ms. E
14	14	RNST, Mr. CASSIDY, Mr. MARSHALL, Mr. TILLIS, Mr. HOEVEN,
15	15	and Mr. S
16	16	COTTof Florida) introduced the following bill; which was read
17	17	twice and referred to the Committee on Finance
18	18	A BILL
19	19	To amend the Internal Revenue Code of 1986 to repeal
20	20	the credit for new clean vehicles, and for other purposes.
21	21	Be it enacted by the Senate and House of Representa-1
22	22	tives of the United States of America in Congress assembled, 2
23	23	SECTION 1. SHORT TITLE. 3
24	24	This Act may be cited as the ‘‘Eliminate Lavish In-4
25	25	centives To Electric Vehicles Act’’ or the ‘‘ELITE Vehi-5
26	26	cles Act’’. 6
27	27	SEC. 2. REPEAL OF CLEAN VEHICLE CREDIT. 7
28	28	(a) I
29	29	NGENERAL.—Subpart B of part IV of sub-8
30	30	chapter A of chapter 1 of the Internal Revenue Code of 9
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33	33	•S 541 IS
34	34	1986 is amended by striking section 30D (and by striking 1
35	35	the item relating to such section in the table of sections 2
36	36	for such subpart). 3
37	37	(b) C
38	38	ONFORMINGAMENDMENTS.— 4
39	39	(1) Section 30B(d)(3) of the Internal Revenue 5
40	40	Code of 1986 is amended by striking subparagraph 6
41	41	(D). 7
42	42	(2) Section 38(b) of such Code is amended by 8
43	43	striking paragraph (30). 9
44	44	(3) Section 179D(d) of such Code is amend-10
45	45	ed— 11
46	46	(A) in paragraph (3)(B)(ii), by striking 12
47	47	‘‘(as defined in section 30D(g)(9))’’, and 13
48	48	(B) by adding at the end the following new 14
49	49	paragraph: 15
50	50	‘‘(6) I
51	51	NDIAN TRIBAL GOVERNMENT .—For pur-16
52	52	poses of this subsection, the term ‘Indian tribal gov-17
53	53	ernment’ means the recognized governing body of 18
54	54	any Indian or Alaska Native tribe, band, nation, 19
55	55	pueblo, village, community, component band, or com-20
56	56	ponent reservation, individually identified (including 21
57	57	parenthetically) in the list published most recently as 22
58	58	of the date of enactment of this paragraph pursuant 23
59	59	to section 104 of the Federally Recognized Indian 24
60	60	Tribe List Act of 1994 (25 U.S.C. 5131).’’. 25
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63	63	•S 541 IS
64	64	(4) Section 1016(a) of such Code is amended— 1
65	65	(A) in paragraph (36), by adding ‘‘and’’ at 2
66	66	the end, 3
67	67	(B) by striking paragraph (37), and 4
68	68	(C) by redesignating paragraph (38) as 5
69	69	paragraph (37). 6
70	70	(5) Section 6213(g)(2) of such Code is amend-7
71	71	ed by striking subparagraph (T). 8
72	72	(6) Section 6417(d)(1)(A)(iv) of such Code is 9
73	73	amended by striking ‘‘section 30D(g)(9)’’ and insert-10
74	74	ing ‘‘section 179D(d)(6)’’. 11
75	75	(7) Section 6501(m) of such Code is amended 12
76	76	by striking ‘‘30D(f)(6),’’. 13
77	77	(8) Section 166(b)(5)(A)(ii) of title 23, United 14
78	78	States Code, is amended by inserting ‘‘, as in effect 15
79	79	on the date of the enactment of the ELITE Vehicles 16
80	80	Act’’ after ‘‘section 30D(d)(1) of the Internal Rev-17
81	81	enue Code of 1986’’. 18
82	82	(c) E
83	83	FFECTIVEDATE.—The amendments made by 19
84	84	this section shall apply to vehicles purchased, or for which 20
85	85	a written binding contract to purchase has been entered 21
86	86	into, after the date which is 30 days after the date of en-22
87	87	actment of this Act. 23
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90	90	•S 541 IS
91	91	SEC. 3. REPEAL OF CREDIT FOR PREVIOUSLY-OWNED 1
92	92	CLEAN VEHICLES. 2
93	93	(a) I
94	94	NGENERAL.—Subpart A of part IV of sub-3
95	95	chapter A of chapter 1 of the Internal Revenue Code of 4
96	96	1986 is amended by striking section 25E (and by striking 5
97	97	the item relating to such section in the table of sections 6
98	98	for such subpart). 7
99	99	(b) C
100	100	ONFORMINGAMENDMENT.—Section 6213(g)(2) 8
101	101	of the Internal Revenue Code of 1986 is amended by strik-9
102	102	ing subparagraph (U). 10
103	103	(c) E
104	104	FFECTIVEDATE.—The amendments made by 11
105	105	this section shall apply to vehicles purchased, or for which 12
106	106	a written binding contract to purchase has been entered 13
107	107	into, after the date which is 30 days after the date of en-14
108	108	actment of this Act. 15
109	109	SEC. 4. REPEAL OF CREDIT FOR QUALIFIED COMMERCIAL 16
110	110	CLEAN VEHICLES. 17
111	111	(a) I
112	112	NGENERAL.—Subpart D of part IV of sub-18
113	113	chapter A of chapter 1 of the Internal Revenue Code of 19
114	114	1986 is amended by striking section 45W (and by striking 20
115	115	the item relating to such section in the table of sections 21
116	116	for such subpart). 22
117	117	(b) C
118	118	ONFORMINGAMENDMENTS.— 23
119	119	(1) Section 38(b) of the Internal Revenue Code 24
120	120	of 1986, as amended by sections 13502, 13701, and 25
121	121	13704 of Public Law 117–169, is amended— 26
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124	124	•S 541 IS
125	125	(A) by striking paragraph (37), and 1
126	126	(B) by redesignating paragraphs (38) 2
127	127	through (41) as paragraphs (37) through (40), 3
128	128	respectively. 4
129	129	(2) Section 6213(g)(2) of such Code is amend-5
130	130	ed— 6
131	131	(A) by adding ‘‘and’’ at the end of sub-7
132	132	paragraph (R), 8
133	133	(B) by striking the comma at the end of 9
134	134	subparagraph (S) and inserting a period, and 10
135	135	(C) by striking subparagraph (V). 11
136	136	(c) E
137	137	FFECTIVEDATE.—The amendments made by 12
138	138	this section shall apply to vehicles purchased, or for which 13
139	139	a written binding contract to purchase has been entered 14
140	140	into, after the date which is 30 days after the date of en-15
141	141	actment of this Act. 16
142	142	SEC. 5. EXCLUSION OF ELECTRIC VEHICLE RECHARGING 17
143	143	PROPERTY FROM ALTERNATIVE FUEL VEHI-18
144	144	CLE REFUELING PROPERTY CREDIT. 19
145	145	(a) I
146	146	NGENERAL.—Section 30C of the Internal Rev-20
147	147	enue Code of 1986 is amended— 21
148	148	(1) in subsection (c)— 22
149	149	(A) in paragraph (1)(B), by striking clause 23
150	150	(iii), and 24
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153	153	•S 541 IS
154	154	(B) by striking paragraph (2) and insert-1
155	155	ing the following: 2
156	156	‘‘(2) E
157	157	XCLUSION OF ELECTRIC VEHICLE RE -3
158	158	CHARGING PROPERTY .—The term ‘qualified alter-4
159	159	native fuel vehicle refueling property’ shall not in-5
160	160	clude any property for the recharging of motor vehi-6
161	161	cles propelled by electricity.’’, and 7
162	162	(2) by striking subsection (f). 8
163	163	(b) E
164	164	FFECTIVEDATE.—The amendments made by 9
165	165	this section shall apply to property purchased, or for which 10
166	166	a written binding contract to purchase has been entered 11
167	167	into, after the date which is 30 days after the date of en-12
168	168	actment of this Act. 13
169	169	Æ
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