Text: S.906 — 113th Congress (2013-2014)All Information (Except Text)

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Introduced in Senate (05/08/2013)


113th CONGRESS
1st Session
S. 906


To amend the Internal Revenue Code of 1986 to expand the technologies through which a vehicle qualifies for the credit for new qualified plug-in electric drive motor vehicles.


IN THE SENATE OF THE UNITED STATES

May 8, 2013

Mr. Crapo (for himself, Mr. Wyden, Ms. Cantwell, and Mr. Risch) 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 expand the technologies through which a vehicle qualifies for the credit for new qualified plug-in electric drive motor vehicles.

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 “Changing How America Reduces Greenhouse Emissions (CHARGE) Act”.

SEC. 2. Credit for new qualified plug-in electric drive motor vehicles allowed for vehicles with alternative electrical energy storage devices.

(a) Credit allowed for new technology.—

(1) IN GENERAL.—Subparagraph (F) of section 30D(d)(1) of the Internal Revenue Code of 1986 is amended—

(A) by striking “battery” and inserting “power source”, and

(B) in clause (i), by inserting “(or, in the case of a power source which is not a battery, the appropriate energy equivalent to such capacity, as determined by the Secretary)” after “4 kilowatt hours”.

(2) CONFORMING AMENDMENT.—Subsection (d) of section 30D of such Code is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph:

“(4) POWER SOURCE.—The term ‘power source’ includes a battery or an alternative electrical energy storage device.”.

(b) Amount of credit.—

(1) IN GENERAL.—Paragraph (3) of section 30D(b) of the Internal Revenue Code of 1986 is amended by inserting at the end the following new sentence: “In the case of any new qualified plug-in electric drive motor vehicle which uses a power source other than a battery, this first sentence of this paragraph shall be applied by substituting the appropriate energy equivalent measurement for the number of kilowatt hours.”.

(2) CONFORMING AMENDMENT.—The heading of paragraph (3) of section 30D(b) of such Code is amended by striking “Battery capacity” and inserting “Capacity”.

(c) Effective date.—The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.