Summary: S.3594 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3594. Bill summaries are authored by CRS.

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Introduced in Senate (05/04/2020)

Ending the Electric Vehicle Entitlement for the Wealthy

This bill eliminates the tax credit for qualified plug-in electric drive motor vehicles for any taxpayer whose adjusted gross income exceeds $163,300 ($326,600 for joint returns) in a taxable year. These threshold amounts are adjusted for inflation for taxable years beginning after 2021.