Sec. 90433. Credit for zero-emission heavy vehicles and zero-emission buses
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Subpart D of part IV of subchapter A of chapter 1 is amended by adding at the end the following new section: For purposes of section 38, in the case of a manufacturer of a zero-emission heavy vehicle, the zero-emission heavy vehicle credit determined under this section for a taxable year is an amount equal to 10 percent of the sum of the sale price of each zero-emission heavy vehicle sold by such taxpayer during such taxable year. The sale price of a zero-emission heavy vehicle may not be taken into account under subsection
(a)to the extent such price exceeds $1,000,000. For purposes of this section— The term zero-emission heavy vehicle means a motor vehicle which— has a gross vehicle weight rating of not less than 14,000 pounds, is not powered or charged by an internal combustion engine, and is propelled solely by an electric motor which draws electricity from a battery or fuel cell. The term motor vehicle and manufacturer have the meaning given such terms in paragraphs
(2)and
(3)of section 30D(d), respectively. For purposes of this section, the sale price of a zero-emission heavy vehicle shall be reduced by any rebate or other incentive given before, on, or after the date of the sale. No credit shall be allowed under subsection
(a)with respect to a zero-emission heavy vehicle to a manufacturer who knows or has reason to know that such vehicle will not be used primarily in the United States or a possession of the United States. The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section. This section shall not apply to sales after December 31, 2025. . Subsection
(b)of section 38 is amended by striking plus at the end of paragraph (32), by striking the period at the end of paragraph
(33)and inserting , plus , and by adding at the end the following new paragraph: the zero-emission heavy vehicle credit determined under section 45U. . The table of sections for subpart D of part IV of subchapter A of chapter 1 is amended by adding at the end the following new item: Sec. 45U. Zero-emission heavy vehicle credit. . The amendments made by this section shall apply to sales after the date of the enactment of this Act.