S.1094 - Driving America Forward Act116th Congress (2019-2020)
|Sponsor:||Sen. Stabenow, Debbie [D-MI] (Introduced 04/09/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 04/09/2019 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.1094 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (04/09/2019)
Driving America Forward Act
This bill expands the tax credit for new plug-in electric drive motor vehicles and extends the tax credit for new fuel cell motor vehicles.
(Under current law, taxpayers who purchase a qualified plug-in electric drive motor vehicle are eligible for a tax credit of up to $7,500, which begins to phase out once a manufacturer sells 200,000 qualified vehicles.) The bill allows an additional 400,000 vehicles per manufacturer to be eligible for a credit of up to $7,000 before the credit begins to phase out.
The bill also extends the tax credit for fuel cell motor vehicles through 2028. (Under current law, the credit expired after 2017.)