[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 493 Introduced in Senate (IS)]
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117th CONGRESS
1st Session
S. 493
To amend the Internal Revenue Code of 1986 to provide for the issuance
of exempt facility bonds for zero-emission vehicle infrastructure.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 1, 2021
Ms. Cortez Masto (for herself, Ms. Smith, and Ms. Rosen) introduced the
following bill; which was read twice and referred to the Committee on
Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide for the issuance
of exempt facility bonds for zero-emission vehicle infrastructure.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXEMPT FACILITY BONDS FOR ZERO-EMISSION VEHICLE
INFRASTRUCTURE.
(a) In General.--Section 142 of the Internal Revenue Code of 1986
is amended--
(1) in subsection (a)--
(A) in paragraph (14), by striking ``or'' at the
end;
(B) in paragraph (15), by striking the period at
the end and inserting ``, or''; and
(C) by adding at the end the following new
paragraph:
``(16) zero-emission vehicle infrastructure.''; and
(2) by adding at the end the following new subsection:
``(n) Zero-Emission Vehicle Infrastructure.--
``(1) In general.--For purposes of subsection (a)(16), the
term `zero-emission vehicle infrastructure' means any property
(not including a building and its structural components) if
such property is--
``(A) made available for use by members of the
general public, and
``(B) used to charge or fuel zero-emissions
vehicles, but only if the property is located at the
point where the vehicles are charged or fueled.
``(2) Inclusion of utility service connections.--The term
`zero-emission vehicle infrastructure' shall include any
utility service connections, utility panel upgrades, or
contributions in aid of construction (as described in section
118) which are required for the charging or fueling of zero-
emissions vehicles.
``(3) Zero-emissions vehicle.--
``(A) In general.--The term `zero-emissions
vehicle' means--
``(i) a zero-emission vehicle as defined in
section 88.102-94 of title 40, Code of Federal
Regulations (as in effect on the date of
enactment of this subsection), or
``(ii) a vehicle that, under any possible
operational modes and conditions, produces zero
exhaust emissions of--
``(I) any criteria pollutant for
which there are national ambient air
quality standards under section 109 of
the Clean Air Act (42 U.S.C. 7409) or
precursor pollutant, or
``(II) any greenhouse gas.
``(B) Greenhouse gas.--For purposes of this
paragraph, the term `greenhouse gas' means any of the
following:
``(i) Carbon dioxide.
``(ii) Methane.
``(iii) Nitrous oxide.
``(iv) Hydrofluorocarbons.
``(v) Perfluorocarbons.
``(vi) Sulfur hexafluoride.
``(4) Zero-emissions vehicle infrastructure located within
other facilities or projects.--For purposes of subsection (a),
any zero-emission vehicle infrastructure located within--
``(A) a facility or project described in subsection
(a), or
``(B) an area adjacent to a facility or project
described in subsection (a) that primarily serves
vehicles traveling to or from such facility or project,
shall be treated as described in the paragraph in which such
facility or project is described.''.
(b) Effective Date.--The amendments made by this section shall
apply to obligations issued after December 31, 2021.
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