118th Congress · HOUSE BILLBILL

H.R. 327 — Close the Double Subsidy Loophole for Electric Vehicles Act

“To amend the Internal Revenue Code of 1986 to reduce the tax credit for new qualified plug-in electric drive motor vehicles by State subsidies for these vehicles.”

Taxation

Introduced Jan 12, 2023

Last action Jan 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 12, 2023

Step 2

Referred

Jan 12, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill reduces the allowable amount of the tax credit for a new qualified plug-in electric drive motor vehicle by any subsidy made available by the state in which the vehicle is registered and was placed in service.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 12, 2023

Introduced in House

Jan 12, 2023

Referred to the House Committee on Ways and Means.