The bill, titled the "Vehicle Energy Performance Act of 2024," aims to amend the Internal Revenue Code to encourage motor vehicle fuel efficiency through tax measures. It proposes a tax credit for individuals or businesses that use new vehicles with high energy performance, while imposing a...
Simple Explanation
The "Vehicle Energy Performance Act of 2024" is a plan to give people money rewards for using super-efficient cars and to charge companies extra if they make gas-guzzling cars, kind of like a game where you get points for making smart choices with your car!