[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1019 Introduced in House (IH)]
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117th CONGRESS
1st Session
H. R. 1019
To amend the Internal Revenue Code of 1986 to provide a credit for the
purchase of certain new electric bicycles.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 11, 2021
Mr. Panetta (for himself, Mr. Blumenauer, and Mr. Thompson of
California) 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 provide a credit for the
purchase of certain new electric bicycles.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Electric Bicycle Incentive Kickstart
for the Environment Act'' or as the ``E-BIKE Act''.
SEC. 2. CREDIT FOR CERTAIN NEW ELECTRIC BICYCLES.
(a) In General.--Subpart C of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 is amended by adding at the end
the following new section:
``SEC. 36C. ELECTRIC BICYCLES.
``(a) Allowance of Credit.--In the case of an individual, there
shall be allowed as a credit against the tax imposed by this subtitle
for any taxable year an amount equal to 30 percent of the cost of any
qualified electric bicycle placed in service by the taxpayer during
such taxable year.
``(b) Limitation.--
``(1) Dollar limitation.--In the case of any taxpayer for
any taxable year, the credit allowed under subsection (a) shall
not exceed the excess (if any) of--
``(A) $1,500 (twice such amount in the case of a
joint return), reduced by
``(B) the aggregate credits allowed to the taxpayer
under subsection (a) for the 2 preceding taxable years.
``(2) Number of bicycles.--In the case of any taxpayer for
any taxable year, the number of bicycles taken into account
under subsection (a) shall not exceed the excess (if any) of--
``(A) 1 (2 in the case of a joint return), reduced
by
``(B) the aggregate number of bicycles taken into
account by the taxpayer under subsection (a) for the 2
preceding taxable years.
``(c) Qualified Electric Bicycle.--For purposes of this section--
``(1) In general.--The term `qualified electric bicycle'
means a two-wheeled vehicle--
``(A) which is a class 1 electric bicycle, a class
2 electric bicycle, or a class 3 electric bicycle,
``(B) which is equipped with--
``(i) pedals capable of propelling such
vehicle,
``(ii) a saddle or seat for the rider, and
``(iii) an electric motor of less than 750
watts which is capable of propelling such
vehicle,
``(C) the original use of which commences with the
taxpayer,
``(D) which is acquired for use by the taxpayer in
the United States and not for lease or resale, and
``(E) which in not property of a character subject
to an allowance for depreciation or amortization in the
hands of the taxpayer.
``(2) Limitation based on acquisition cost.--The term
`qualified electric bicycle' shall not include any vehicle if
the aggregate amount paid for the acquisition of such vehicle
exceeds $8,000.
``(3) Class 1 electric bicycle.--The term `class 1 electric
bicycle' means a two-wheeled vehicle equipped with an electric
motor that provides assistance only when the rider is pedaling,
that is not capable of providing assistance when the speed of
the vehicle exceeds 20 miles per hour, and that is not a class
3 electric bicycle.
``(4) Class 2 electric bicycle.--The term `class 2 electric
bicycle' means a two-wheeled vehicle equipped with an electric
motor that may be used to propel the vehicle without the need
of any additional assistance, and that is not capable of
providing assistance when the speed of the vehicle exceeds 20
miles per hour.
``(5) Class 3 electric bicycle.--The term `class 3 electric
bicycle' means a two-wheeled vehicle equipped with an electric
motor that provides assistance only when the rider is pedaling,
and that is not capable of providing assistance when the speed
of the vehicle exceeds 28 miles per hour.''.
(b) Conforming Amendments.--
(1) Section 6211(b)(4)(A) of such Code is amended by
inserting ``36C,'' after ``36B,''.
(2) Paragraph (2) of section 1324(b) of title 31, United
States Code, is amended by inserting ``36C,'' after ``36B,''.
(c) Clerical Amendment.--The table of sections for subpart C of
part IV of subchapter A of chapter 1 of the Internal Revenue Code of
1986 is amended by inserting after the item relating to section 36B the
following new item:
``Sec. 36C. Electric bicycles.''.
(d) Effective Date.--The amendments made by this section shall
apply to vehicles placed in service after the date of the enactment of
this Act, in taxable years ending after such date.
(e) Treasury Report.--Not later than 3 years after the date of the
enactment of this Act, the Secretary of the Treasury (or the
Secretary's designee) shall make publicly available a written report
specifying the number of taxpayers claiming the credit allowed under
section 36C of the Internal Revenue Code of 1986 (as added by this
section) and the aggregate dollar amount of such credits so allowed.
Such information shall be stated separately for taxable years beginning
in 2021 and 2022, and shall be stated separately with respect to each
such years with respect to taxpayers in each of the income brackets to
which section 1 of such Code applies.
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