[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4068 Introduced in Senate (IS)]
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118th CONGRESS
2d Session
S. 4068
To amend the Internal Revenue Code of 1986 to establish a business tax
credit for the purchase of zero-emission electric lawn, garden, and
landscape equipment, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 22, 2024
Mr. Heinrich (for himself and Ms. Butler) introduced the following
bill; which was read twice and referred to the Committee on Finance
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A BILL
To amend the Internal Revenue Code of 1986 to establish a business tax
credit for the purchase of zero-emission electric lawn, garden, and
landscape equipment, and for other purposes.
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 ``Promoting Reduction of Emissions
through Landscaping Equipment Act''.
SEC. 2. TAX CREDIT FOR ZERO-EMISSION ELECTRIC LAWN, GARDEN, AND
LANDSCAPE EQUIPMENT.
(a) In General.--Subpart E of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 is amended by inserting after
section 48E the following new section:
``SEC. 48F. ZERO-EMISSION ELECTRIC LAWN, GARDEN, AND LANDSCAPE
EQUIPMENT CREDIT.
``(a) In General.--For purposes of section 46, the credit for zero-
emission electric lawn, garden, and landscape equipment for any taxable
year is an amount equal to 40 percent of the basis of any zero-emission
electric lawn, garden, and landscape equipment placed in service by the
taxpayer during such taxable year.
``(b) Limitations.--
``(1) Annual limitation.--The amount of any credit
determined under subsection (a) for any taxable year may not
exceed $25,000.
``(2) Aggregate limitation.--The aggregate amount of
credits determined under subsection (a) for all taxable years
within any consecutive 10-year period may not exceed $100,000.
``(c) Zero-Emission Electric Lawn, Garden, and Landscape
Equipment.--For purposes of this section, the term `zero-emission
electric lawn, garden, and landscape equipment' means--
``(1) any equipment which--
``(A) is--
``(i) used primarily for lawn, garden, or
landscaping purposes, and
``(ii) powered--
``(I) by an electric motor drawing
current from solar power, chargeable
batteries, replaceable batteries, fuel
cells, or through electricity drawn
through a cord from the electrical
power grid, or
``(II) by such alternative power
sources as the Secretary, after
consultation with the Principal Deputy
Assistant Secretary for the Office of
Energy Efficiency and Renewable Energy
of the Department of Energy, may
identify as generating zero-emissions,
and
``(B) is not powered--
``(i) by a gasoline or diesel generator, or
``(ii) solely through manual effort,
``(2) any zero-emission generator used to charge equipment
described in paragraph (1),
``(3) any battery which--
``(A) is used to charge or operate equipment
described in paragraph (1), and
``(B) is not included as part of such equipment,
and
``(4) any property used to retrofit existing lawn, garden,
or landscaping equipment to allow such equipment to operate
without generating emissions.
``(d) Denial of Double Benefit.--
``(1) In general.--No credit shall be allowed under
subsection (a) with respect to any property for which a
deduction or credit is allowed under any other provision of
this chapter.
``(2) Exception.--Paragraph (1) shall not apply with
respect to any deduction allowed under section 167(a) to which
section 168(k) applies for the taxable year in which the
property is placed in service.
``(e) Exception From Recapture in Event of Bankruptcy or Business
Dissolution.--With respect to any zero-emission electric lawn, garden,
and landscape equipment for which a credit was determined under
subsection (a), section 50(a)(1) shall not apply if such equipment is
disposed of, or otherwise ceases to be investment credit property with
respect to the taxpayer, due to--
``(1) the dissolution or bankruptcy of the trade or
business in which such equipment was used, or
``(2) any other circumstances as the Secretary may
prescribe in regulations.''.
(b) Elective Payment and Transfer of Credit.--
(1) Elective payment.--Section 6417(b) of the Internal
Revenue Code of 1986 is amended by adding at the end the
following:
``(13) The credit for zero-emission electric lawn, garden,
and landscape equipment under section 48F.''.
(2) Transfer.--Section 6418(f)(1)(A) of the Internal
Revenue Code of 1986 is amended by adding at the end the
following:
``(xii) The credit for zero-emission
electric lawn, garden, and landscape equipment
under section 48F.''.
(c) Conforming Amendments.--
(1) Section 46 of the Internal Revenue Code of 1986, as
amended by section 13702 of Public Law 117-169, is amended--
(A) in paragraph (6), by striking ``and'' at the
end,
(B) in paragraph (7), by striking the period at the
end and inserting ``, and'', and
(C) by adding at the end the following:
``(8) the credit for zero-emission electric lawn, garden,
and landscape equipment.''.
(2) Section 49(a)(1)(C) of such Code, as amended by section
13702 of Public Law 117-169, is amended--
(A) in clause (vii), by striking ``and'' at the
end,
(B) in clause (viii), by striking the period at the
end and inserting ``, and'', and
(C) by adding at the end the following:
``(ix) the basis of any zero-emission
electric lawn, garden, and landscape equipment
under section 48F.''.
(d) Clerical Amendment.--The table of sections for subpart E 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 48E the
following new item:
``Sec. 48F. Zero-emission electric lawn, garden, and landscape
equipment credit.''.
(e) Effective Date.--The amendments made by this section shall
apply to property placed in service after December 31, 2022.
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