Sec. 411. Permanent extension, increase, and refundability of credit for qualified new plug in electric drive motor vehicles
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Section 30D of the Internal Revenue Code of 1986 is amended by striking subsection (e). Subparagraph
(E)of section 30D(g)(3) of the Internal Revenue Code of 1986 is amended to read as follows: is acquired— in the case of a vehicle that has 2 wheels, after December 31, 2014, and in the case of a vehicle that has 3 wheels, after December 31, 2017. . Paragraph
(3)of section 30D(b) of the Internal Revenue Code of 1986 is amended by striking $5,000 and inserting $7,500 . Section 30D(c)(2) of the Internal Revenue Code of 1986 is amended by striking subpart A and inserting subpart C . Paragraph
(2)of section 1324(b) of title 31, United States Code, as amended by this Act, is amended by inserting 30D(c)(2), after 36D, . The amendments made by this section shall apply to vehicles acquired after December 31, 2016.